Mortgage Rates See Steepest Drop in 2 Months, Hitting New Lows
- 30-year mortgage rates sank to 7.77% on Tuesday, the lowest level in 8 weeks
- 15-year fixed rates also dropped below 7% for the first time since August
- Jumbo 30-year rates declined to 7.06%, but remain elevated historically
- Rates fell across the board for new purchases and refinancing
- Vermont had the lowest state average for 30-year mortgages while Texas had the highest