30-Year Fixed Mortgage Lowest Since April 2023: MBA | Business Matters (Aug. 28)

Mortgage rates have fallen for four consecutive weeks. The data is a double-edged sword for potential homebuyers. The Mortgage Bankers Association found the average 30-year fixed rate fell to 6.44 percent—the lowest point since April last year. Lower rates give buyers more purchasing power, but experts also warn it could drive u...