Mortgage Rates Today, March 30: 30-Year Fixed Slips to 6.55%, but Relief May Not Last
U.S. 30-year fixed mortgage rates dipped to 6.55% on March 30 from 6.64% three days earlier, according to Mortgage News Daily. Purchase applications fell 5.4% and refinancing dropped 14.6% for the week ended March 20, MBA data showed. Freddie Mac’s weekly rate rose to 6.38% as of March 26. A $400,000 loan at the new rate reduces monthly payments by about $24.