The month-over-month figure represents a significant reversal from July’s 0.4 percent decline and exceeds the consensus estimate of a 0.3 percent increase.
The 30-year fixed mortgage rate decreased to 6.49 percent last week, marking its lowest level since October 2024, according to the Mortgage Bankers Association.
The month-over-month figure represents a significant reversal from July’s 0.4 percent decline and exceeds the consensus estimate of a 0.3 percent increase.
The 30-year fixed mortgage rate decreased to 6.49 percent last week, marking its lowest level since October 2024, according to the Mortgage Bankers Association.