Mortgage Rates Flatten, but Homeowners Still Face Higher Costs

Executive Summary & Bullet Takeaways

Average mortgage rates have leveled off recently after a period of volatility.

Despite the flattening trend, current rates remain higher than July's averages.

Borrowers looking to refinance or buy may need to shop around for the best deals.

Household Impact & Perspective

“Just when we thought we might get a break to refinance or help the kids with a down payment, rates stall out at these higher levels. It looks like we'll be playing the waiting game a bit longer, so keep polishing those credit scores.”

Read Original Source Article on Nerdwallet