The average interest rate for a 30-year fixed mortgage dropped to its lowest point in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points. The rate for the most popular home loan fell 14 basis points in the week ended Sept. 13 to 6.15%, marking the lowest rate since September 2022, the Mortgage Bankers Association said on Wednesday. The rate also fell 14 basis points during the previous week. “The 30-year fixed mortgage rate, at 6.15 percent, is now at its lowest since September 2022 and is more t…
