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On Sept. 18, when the 30-year fixed-rate mortgage averaged 6.09%, the 10-year Treasury averaged 4.10%. Mortgages are much riskier investments than debt issued by the government of the largest ...
The significant move in rates illustrates the reality that fixed mortgage rates are set not by the Fed, but by investors. The most important benchmark for mortgage rates is the 10-year Treasury ...
The 30-year mortgage averaged 6.09% on Sept. 19, according to Freddie Mac. It's a big drop from a 7.79% spike last October. Where are rates headed?
Average mortgage rates peaked at nearly 5% in late 2018, but had fallen to 3.75% by the time the Fed began dropping rates in July 2019. They remained between 3.5% and 3.8% for the rest of the year ...
The fixed rate for a 15-year mortgage is 5.84%, down 12 basis points from last week's average 5.96%. ... The best mortgage rates go to borrowers with good to excellent credit — typically a FICO ...
Mortgage rates aren't always reactive to rate cuts. Mortgage rates certainly fell after the Fed announced its 50-basis-point rate cut in September, but it wasn't necessarily because there was a ...
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