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Mortgage News

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News for: Fingerlakes1.com
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Jun 25, 2025 4:00 AM — Mortgage Rates
Mortgage rates today drop to 6.81% for 30-year loans
Mortgage rates decreased slightly this week, with the average 30-year fixed rate dropping to 6.81%. Rates have shifted slightly across different loan types. Borrowers with excellent credit and a 20% down payment are seeing these averages. Factors influencing rates include the current market conditions and the potential benefits of locking in a loan below 7%.
Jun 11, 2025 10:00 AM — Mortgage Rates
Mortgage Rates Dip Again: Is Now the Time to Lock in Your Loan?
Mortgage rates have continued to decrease, with the national average for a 30-year fixed mortgage falling to 6.93%. This offers a good opportunity for homebuyers and those looking to refinance to lock in lower monthly payments. Rates are down 3 basis points from the previous day and have been declining throughout the week. Understanding these rate shifts is crucial for making wise financial decisi... more
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