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Are mortgage rates going down?

Asked 2 hours ago

Answer

Mortgage rates have recently dipped to 6.27% after the 10-year yield fell below 4%. Builders are buying down rates to attract buyers, sometimes lowering effective rates to around 5% for new builds. Despite this, affordability remains a challenge and the future trend is uncertain.

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Mortgage rates dip after 10-year yield drops below 4%

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  • 10-year yield falls below 4%, prompting a slight drop in mortgage rates to 6.27%.
  • 72% of home builders are buying down mortgage rates, often by over 100 basis points. 48s
  • Builders face pressure on profit margins due to widespread rate buydowns. 57s
  • Housing supply is high, especially in new builds, but affordability remains a major issue for buyers. 1m 33s
  • Analysts predict a brief national home price decline next year, with a potential rebound in 2027. 2m 31s
Property & ArchitectureEconomy

References

Mortgage rates dip after 10-year yield drops below 4%
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CNBC
2 hours ago
Mortgage rates dip after 10-year yield drops below 4%

Mortgage rates dropped two basis points to 6.27% after the 10-year yield fell below 4%.

Mortgage rates dip after 10-year yield drops below 4%
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CNBC
2 hours ago
Mortgage rates dip after 10-year yield drops below 4%

Rates are considerably lower than six months ago, but future movement depends on Fed decisions and market pricing.

Mortgage rates dip after 10-year yield drops below 4%
Icon
CNBC
2 hours ago
Mortgage rates dip after 10-year yield drops below 4%

Builders are buying down mortgage rates by over 100 basis points, resulting in some buyers getting rates around 5% for new builds.

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