Mortgage rates fall below 7% for first time in months

An aerial view of a suburb — Mortgage rates broke below the 7 percent barrier this week, according to Bankrate’s latest lender survey. It was the first time since February that the average 30-year rate was in the sub-7 range. (Photovs/Dreamstime/TNS)

By Tribune News Service | Tribune News Service

UPDATED: July 18, 2024 at 11:51 AM PDT

The 30-year mortgage rate fell to 6.92%. The 15-year rate fell to 6.92% and the 30-year jumbo to 6.92%.

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Originally Published: July 18, 2024 at 11:49 AM PDT

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