Mortgage Rates Edge Up Slightly Amid Economic Uncertainty: What Homeowners and Investors Need to Know
Mortgage refinance rates experienced subtle shifts as of October 24, with the average 30-year fixed refinance rate rising slightly to 7.78%, while the 15-year fixed refinance rate remained level at 7.03%. Rates for 30-year jumbo loan refinancing also dipped marginally to 7.78%. These numbers reflect ongoing uncertainty in the broader economy, influenced by inflation concerns…