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Mortgage Rates Plunge to 18-Month Low, Falling to 6.22% Ahead of FOMC Meeting

By , on September 11th, 2024

The interest rate on a 30-year fixed-rate conventional mortgage fell to 6.22% yesterday, according to the MND rate index as shown in the chart below. This marks the lowest rate in nearly a year and a half! The last time rates were this low was back on April 6, 2023 when they dropped to 6.18% for the day. This drop in rates comes in advance of the anticipated rate reduction when the Federal Open Market Committee (FOMC) meetings next week.


Mortgage Interest Rates – 30-Year Fixed Rate Loan

(click below for live, interactive chart with tons more data!)

Mortgage Interest Rates - Live Interactive Chart - Home Loan Rates

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