Mortgage rates have decreased to their lowest point in over a month. According to reports from Freddie Mac, the average rate for a 30-year fixed mortgage has gone down. This change may be of interest to residents in Magnolia, TX, who are considering purchasing or refinancing a home.

52%. For more information on this development and how it may affect the local housing market, readers can refer to the full report from FOX 26 Houston (KRIV).