Mortgage Rate Rumble: Is a Drop in Rates Enough to Revive the Housing Market? The 30 year fixed mortgage rate dipped by 10 basis points to 6. 65% and the 15 year fixed rate fell by 3 basis points to 6.
01%, according to Zillow's lender marketplace data. This recent decrease has sparked hopes of reviving the struggling housing market.
However, it's essential to consider the broader economic context in which these rates are being offered.