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“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.”
Mortgage rates reached their lowest level in a month the week of December 5, according to Freddie Mac. That's good news for homebuyers, although perhaps not as good as they might think. The ...
Mortgage rates have fallen to their lowest in 15 months, but buyers haven't flocked to the market. Pending home sales fell 6.9% in the last four weeks, the biggest annual decline in almost a year.
The average 30-year fixed mortgage rate dipped back toward 7% this week, settling at 7.09%, according to Freddie Mac.This is the first time the weekly average rate has fallen in over a month.
Mortgage rates have eased slightly in recent weeks after spending much of 2024 trending higher. The average rate for a 30-year fixed-rate mortgage was 6.95% as of July 3, according to Freddie Mac....
After moving higher the past two weeks, mortgage rates fell this week, dropping to the their lowest level since May 2023. The 30-year fixed-rate mortgage averaged 6.60% in the week ending January ...
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