Mortgage Rates Post Their Biggest 1-Day Drop in 6 Months—Here’s Where They Stand Now

TL;DR

The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend. By Friday afternoon… [+605 chars] Key Takeaways - Mortgage rates fell 11 basis points Monday—the biggest 1-day drop in 16 months—after climbing sharply through most of March.