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Mortgage Rates near their lowest point since SpringCorrales, Ludy P
What the MBA said:“Mortgage rates decreased across the board last week and mortgage-application volume reached its highest level since January of this year,” Joel Kan, vice president and deputy chief economist at the MBA, said in a statement. “Refinanc...
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The sharp decline in mortgage rates could offer some relief to house hunters, as many have been priced out of the market given the double whammy of high borrowing costs and home prices that reached arecord in June. Mortgage rates could fall even lower in the coming weeks, said NAR Chi...
30-year mortgage rates. This week’s reading dropped 4 basis points to 6.95% after spending much of the last two months above 7%.1In October, Freddie Mac's average reached a historic 23-year peak of 7.79%. It later dropped significantly, registering a low point of 6.60% in mid-January...
Mortgage rates started this week essentially flat, but that could change with the release of the government’s monthly inflation report, the consumer price index. “There’s no way to know ahead of time whether the data will be friendly or damaging--only that CPI is...
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