Mortgage rates reach 15-month low, but is now the time to buy or refinance?

The video discusses the recent drop in mortgage rates, which have reached their lowest point in over a year. Freddie Mac data indicates a decrease in the standard 30-year fixed mortgage rate, now averaging 6.47%. This decline presents an opportunity for existing homeowners to refinance their mortgages.

What was the duration of the mortgage rate data presentation?

In what time frame did the mortgage rates reach their lowest point?