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Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Rates are down from a two-decade high seen late last year.
Freddie Mac reports an average 6.91% for a 30-year fixed-rate mortgage, up 6 basis points from last week's average 6.85%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
Mortgage rates dropped below 6.5%, Freddie Mac reported Thursday, marking the lowest average rate on a 30-year loan in more than a year.
Freddie Mac reports an average 6.73% for a 30-year fixed-rate mortgage, down 5 basis points from last week's average 6.78%, according to its weekly Prime Mortgage Market Survey of nationwide ...
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association. Mortgage rates fall to lowest since April 2023. Here's ...
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