Mortgage Rates Still High Despite Small Drop | Chattanooga News

Mortgage rates just dipped slightly — 30-year fixed now at 6.65%, 15-year at 5.95% — but both remain higher than last year, squeezing homebuyers and slowing sales. Rising inflation, Fed moves, and global economic uncertainty are pushing bond yields up, which directly fuels mortgage costs. Even as oil prices ease, long-term rates stay elevated, making big purchases harder to stomach. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2cff8b4fde7d4bd3