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Mortgage rates dipped significantly this week, dropping to the lowest level in more than a year,according to Freddie Mac. Rates for 30-year, fixed-rate mortgages averaged 6.47%, down from 6.73% last week. "Mortgage rates plunged this week to their lowest level in over a year following the ...
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The drop followed aweaker-than-expected monthly employment report, which sentbond yields falling fast. Mortgage rates loosely follow the yield on the 10-year U.S. Treasury. “Between [Federal Reserve Chair Jerome] Powell’s equivocal openness to ‘multiple cuts’ in 2024 on Wednesday and this ...
Mortgage Rates Print Lowest Levels in Nearly 40 Yearseditor
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Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate...
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...
Mortgage Rates Cut to Lowest Level for 37 YearsRead the full-text online article and more details about "Mortgage Rates Cut to Lowest Level for 37 Years" - Western Mail (Cardiff, Wales), September 19, 2001Western Mail (Cardiff, Wales)...