Mortgage Rates Hit 10‑Month Low Today.

Sun National Title Company can proudly share that today’s average 30‑year fixed mortgage rate has fallen to a 10‑month low, presenting a valuable opportunity for buyers and refinancers alike.

According to MarketWatch’s coverage published today, the national average 30‑year fixed mortgage rate has dropped to approximately 6.57%, down from about 6.74% just days earlier (MarketWatch). This marks the lowest rate in roughly ten months, creating meaningful potential savings for those locking in now.

Freddie Mac’s data from last week further supports the trend of easing rates: the 30‑year fixed rate dipped slightly to 6.72%, and the 15‑year to 5.85% (AP News).

🏡 What This Means for Our Clients and Transactions

• Timing advantage: Today’s drop represents the lowest mortgage interest levels seen since around October or November of last year—historically, rates have ranged between 6.7% and 7.3% much of the past year (Reddit, Reddit).

• Savings potential: As estimated by MarketWatch, refinancing a $300,000 mortgage from 7.5% to 6.57% could lower monthly payments by roughly $200 (MarketWatch).

• Stronger purchasing power: With this rate decline, buyers working within a monthly budget may afford a purchase price approximately $20,000 higher than they could in May (MarketWatch).

  
  
  
  

✅ Summary at a Glance

Item	Rate / Insight
Today’s 30‑Year Fixed	~6.57% (10‑month low)
Last week’s average	~6.72%
Typical recent range	~6.7%–7.3%
Example refinancing impact	~$200/month savings on $300K loan
Purchasing power effect	~$20K more for same monthly budget

If you are in the real estate market to buy, sell or refinance, reach out to us today. We will give you all of the information that you will need to make an intelligent decision about your real estate transaction. 239-334-3321