did mortgage rates just drop
Mortgage Rates Slip? First‑Time Buyers Capture 10‑Month Low Bonus
Mortgage rates have slipped to a 10-month low of 6.2%, meaning first-time buyers can afford a home about $20,000 more than before the drop. The decline follows the Federal Reserve’s recent pause on rate hikes and tighter credit spreads, boosting purchasing power across the market. Financial Disclaimer: