Mortgage rates have taken a plunge, with a 15-year fixed rate dropping to an average of 3.35%. However, to secure the best rates, homeowners-to-be should aim for a credit score of at least 740 and keep debt-to-income ratios below 36%. Researching government-sponsored loans, shopping around for lenders, and paying off debt can also help improve one's mortgage prospects.

Source: https://www.cnet.com/personal-finance/mortgages-cool-off-for-homeseekers-mortgage-interest-rates-today-for-aug-8-2024/#ftag=CAD590a51e