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Average mortgage rates are trending down as of Thursday, September 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 50 basis points to a range of ...
New data from Freddie Mac shows average mortgage rates for 30-year terms sliding closer to 6.00% as of Friday, September 20, 2024, rounding out a week in which the Federal Reserve announced a long ...
The current average interest rate for a 30-year fixed mortgage is 6.34% for purchase and 6.34% for refinance, down 5 basis points from 6.39% for purchase and no change from 6.34% for refinance ...
The housing market is one of the most interest-rate-sensitive sectors of the US economy, and over the past few years, elevated mortgage rates, along with sky-high housing prices, have contributed ...
Mortgage rates are influenced by several factors, including how the bond market reacts to the Fed’s interest rate policy decisions. Average rate on a 30-year mortgage falls to 6.09%, lowest ...
The housing market could benefit from a Fed rate cut, which is all but certain to happen when policymakers meet on Sept. 17 and 18. “Fed interest rate cuts in general will bring about lower ...
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