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Mortgage rates remain stubbornly high. In late September, it was looking like mortgage rates would drop below 6% before the end of the year. But then that downward streak ended, leaving would-be ...
“That will represent a marginal improvement to affordability, but mortgage rates are not very likely to come down to the 3% rates that were averaged as recently as 2021.”
The average rate for a 30-year loan declined to 6.63% from 6.69% the week prior, according to Freddie Mac on Thursday.
In September, rates fell to as low as 6.09% before creeping back up slightly to 6.12% as of Oct. 3. Considering mortgage rates peaked at 7.76% in November 2023, that's a world of a difference. You ...
The average rate for a 30-year fixed-rate mortgage was 6.95% as of July 3, according to Freddie Mac. That’s well down from a high of 7.79% in October 2023 and below the 52-week average.
The average rate on the 15-year fixed mortgage fell to 5.96% from 6.10% last week. One year ago, the rate on the 15-year fixed note averaged 6.29%. Read On The Fox Business App
The average rate on the 15-year fixed mortgage rose to 6.10% from 6.02% last week. One year ago, the rate on the 15-year fixed note averaged 6.56%. Original article source: Mortgage demand jumps ...
The standard, 30-year fixed-rate mortgage averaged 6.20% in the week ended September 12, mortgage financing giant Freddie Mac said Thursday. That’s down from last week’s 6.35% and well below ...
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