Mortgage rates dipped slightly, with the average 30-year fixed rate at 6.09%, just above a three-year low. Discounts on new homes surpassed the resale market for the first time, with nearly one in five new homes seeing price cuts. Current mortgage rates include a 30-year fixed at 5.88% and a 15-year fixed at 5.44%. Refinance rates are slightly higher, with a 30-year fixed at 6.00%. Mortgage options include fixed rates for the entire loan term or adjustable rates that change periodically. Economists predict stable mortgage rates around 6% through 2027.

Read more at Yahoo Finance: Low rates and new home discounts entice buyers