I suppose this might become an ongoing theme over the next few months but mortgage interest rates have fallen, again.
The average 30 year fixed rate mortgage interest rate is now 6.47%... which is the lowest average rate we have seen since May 2023.
These lower mortgage interest rates are likely to spur on more home buying activity as each time the rates drop it makes a home buyer's dollars go a bit further.
If you plan to buy a home this coming fall, talk to a mortgage lender sooner rather than later to understand what your mortgage payment would look like given current rates... and perhaps you'll be able to keep requesting updated payment information if rates continue to fall. :-)
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