Freddie Mac 30 year average mortgage rate 6.58% unchanged from the prior week ...Middle East

In 2024, the the lowest mortgage rate reached 6.09% the range since September 2022 has been between 6.09% and 7.79%. With most of the time capped at 7.22%.

If you finance the full $422,000:

6.03% → $2,538.25/mo

With 20% down (loan=$337,600):

6.03% → $2,030.60/mo

Rule of thumb: A 0.50% rate drop around these levels cuts the payment by about $32.6 per month per $100,000 of loan.

This article was written by Greg Michalowski at investinglive.com.

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