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Average long-term US mortgage rate drops to 6.77%, the lowest level since early May
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices.
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Homeowners: Time to Refinance? Mortgage Costs Drop As Fed Signals Potential CutsFederal Reserve rate cut expectations pushed mortgage rates down to multi-week lows at 6.67%. Financial experts say even ...
US mortgage applications to purchase a home jumped to the highest level since early 2023 last week, even as borrowing costs ...
The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.86%. Borrowing costs on 15-year fixed-rate mortgages, popular ...
Economists were hoping for a 2025 turnaround in the housing market, and home buyers could still get some relief if mortgage ...
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely ...
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