✅ Mortgage Rates Steady Near April Lows — Why This Surprising Trend Matters for You
Mortgage rates are staying impressively steady, holding close to the lowest levels we’ve seen since early April. According to Mortgage News Daily, the average 30-year fixed rate remains around 6.86%, roughly the same as last week.
Even better? Rates have been trending gently lower for more than two weeks. While the market is taking a breather this week after a busy stretch of economic data, this pause is actually helping keep rates calm.
For homebuyers, that means more stability and affordability. Lower rates directly impact how much home you can comfortably afford each month, which is crucial when prices are still up in many areas.
Why this matters for you:
Monthly payments are more manageable with rates near multi-month lows.
You may qualify for more home — or save money each month.
Locking in now could protect you if rates tick back up with upcoming jobs and inflation reports.
Thinking about buying or refinancing? Now’s a great window to explore your options while rates are still cooperating. Reach out — we can run the numbers and see what makes the most sense for your situation.
Source: Mortgage News Daily
Cannon Mortgage Company, Inc. | NMLS #123456
Equal Housing Opportunity.
This is not a commitment to lend. All loans are subject to credit approval and property appraisal.
Terms and conditions apply. Rates and programs are subject to change without notice.
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