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Buyers still remain on the fence, with applications for a mortgage to purchase a home increasing just 1% last week despite this drop in rates and totaling 11% lower than a year ago.
Given that the average 30-year mortgage rate was well above 7% around this time last year, 6.12% is an improvement. But it's also a far cry from the sub-3% mortgage rates borrowers enjoyed back in ...
The average interest rate for a 30-year fixed mortgage stands at 6.47%, Freddie Mac said on Thursday. ... Still, the current drop in mortgage rates may not rekindle the housing market, experts ...
Buyers are waiting to see how new rules on agent fees play out, and if mortgage rates and home prices drop further, according to Redfin. ... You can still save big with 35% off Bissell's Little ...
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 ...
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
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