Year Low For 2nd Straight Day
Mortgage News Daily • • business
Key Points:
- The average top-tier mortgage rates reached 5.99% yesterday, marking the first time since January 9th and only the second instance in over three years.
- Rates have remained steady today, making it the third consecutive day at this multi-year low.
- Unlike the brief dip to 5.99% in early January, the current approach to this rate has been more gradual and sustained, indicating a potentially more stable period for mortgage rates.
- Following the January dip, rates quickly rose into the low 6% range for over a month, whereas now the rates are holding steady at 5.99%.
