Mortgage rates have fallen to a three-year low, prompting some homeowners to ask whether now is the right moment to refinance. The average 30-year mortgage rate moved to 6.15% last week, up marginally from 6.10% the week prior, according to Bankrate’s national survey of lenders. While mortgage rates ticked back up due to inflation fears linked to the Iran war, that’s considerably below where they started in early 2025, when they briefly climbed above 7%. Experts say they expect rates to level off rather than slide much below 6%.

 

To continue reading the rest of the article, please click on the source link below;

https://www.cbsnews.com/philadelphia/news/mortgage-rates-dropping-refinance-and-save/