Buyers are relived to see affordability improve.

Dated: December 26 2023

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Today's Mortgage Rate Averages: New Purchase

After plummeting about four-tenths of a percentage point week before last, 30-year new purchase mortgage rates are holding near their lowest level since May 17. Friday's average was 7.07%, compared to the low point of 7.01% registered earlier last week. It's a dramatic change from mid-October, when 30-year mortgage rates soared to a 23-year peak of 8.45%.

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Buyers are relived to see affordability improve.

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