Helped by welcome inflation data Wednesday, 30-year mortgage rates have dropped to a two-month low. Many other loan averages also sank, many by double-digit basis points.
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Rates on 30-year mortgages have jumped a quarter point in two days, to a 4-week peak, while 15-year rates have risen to their highest level since November.
Rates on virtually every type of mortgage moved lower, including a second day of declines for 30-year loans. Rates are still elevated, but sit far below the peak of last fall.
Rates on 30-year mortgages have bumped higher, raising the average to its highest point in almost two weeks. Most other loan types saw notable jumps as well.