After a turbulent 2022, mortgage interest rates have been relatively stable this year, with the average 30-year fixed rate largely treading in a half-point range between 6.25% and 6.75%. And, while hyperbole is likely to dominate the headlines over the next few weeks with yet another debt ceiling standoff in Congress, the mortgage bankers at Proper Rate, @properties Christie’s International Real Estate’s affiliated mortgage lender, don’t see a whole lot of volatility in the long term.
That’s one takeaway from a recent conversation with Proper Rate’s VP of Sales, Dan Moran, who sat down with the editors of the At Home blog to field questions on rates and other topics. Read on for an (almost) mid-year mortgage update.
