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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% ...
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 ...
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 ...
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
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
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 ...
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