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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.
If you've been keeping track of mortgage rates, you're no doubt aware that in recent weeks, they've fallen to their lowest level since early 2023. Granted, today's mortgage rates aren't low per se ...
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.”
In an effort to bring down inflation to 2%, the Federal Reserve has raised its short-term benchmark interest rate 11 times since March 2022, putting upward pressure on mortgage rates. The current ...
Pleasing most would-be homebuyers, mortgage rates finally dropped earlier this week. The 30-year fixed mortgage rate dropped by 25 basis points to 7.61% from 7.86%, the largest single-week decline...
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