Your Money Minute Mortgage Rates Near Lowest In A Year 9/9/25
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Sep 9, 2025 Mortgage rates have plummeted to 6.29%, sparking renewed interest among homebuyers. The significant drop gives potential buyers a chance to seize opportunities that were unavailable when rates exceeded 7%. This shift in the market could lead to a surge in home sales, making it an exciting time for both buyers and sellers.
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Mortgage Rates Drop To Yearly Low
- Mortgage rates plunged to their lowest level in almost a year, signaling a shift in borrowing costs.
- The 30-year fixed average fell sharply to 6.29%, the biggest one-day drop since last August.
Consider Locking A Lower Rate
- If you're looking to buy or refinance, consider locking a rate now since rates moved into the low sixes and high fives.
- Many lenders are quoting lower figures, so shop around for rates near 6.125% or in the high fives.
Lenders Quote Aggressively Lower Rates
- Lenders' pricing pushed many quoted rates below the long-standing high six percent range.
- Mortgage News Daily noted some lenders already priced at about 6.125%, with others in the high fives.