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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 rate on a 30-year fixed-rate mortgage is now at its lowest level since early February, with data from Freddie Mac last week showing rates were down to 6.73% from a peak above 7.2% ...
Falling mortgage rates are going to improve affordability which has been a key pain point for home shoppers in the last few years ... it’s still high compared to the corresponding week in 2021-6 ...
Mortgage rates have been falling for weeks as inflation fades—but the housing market may still struggle with affordability and high home prices Will Daniel, Alena Botros November 17, 2023 at 3:39 PM
While mortgages go in the same direction as the bond market, there is still a big “spread,” or difference between the two. On Sept. 18, when the 30-year fixed-rate mortgage averaged 6.09%, the ...
GOBankingRates explored what mortgage rates will look like next year amid slashed interest rates. What Will Mortgage Rates Look Like? According to NPR, “the latest data from Freddie Mac showed ...