Despite rate hikes this year, the 30-yr FMR ↓ below 5% for the first time since April. Rates as of Aug. 4: 30-yr fixed: 4.9% 15-yr fixed: 4.2% 5/1-yr adjustable: 4.2% Some homebuyers may wonder if they should wait it out and postpone their search for a few months as competition continues to decline.
Market Update