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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.
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 ...
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 ...
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 ...
Even if rates drop below 6%, Zandi pointed out, it is "still higher than most existing homeowners are paying on their mortgages, but it is increasingly clear that rates are not going to fall back ...
There has been a bit of a confusion when it comes to buying a home in America right now: it appears that interest rates are cooling off, yet mortgage rates have gone up.. If you had to do a double ...
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