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Mortgage Rates Have Dropped Every Day This Week
Every Thursday, Freddie Mac, a government-sponsored buyer of mortgage loans, publishes a weekly average of 30-year mortgage rates. Last week's reading edged 4 basis points lower to 6.85%. Last September, the average sank as far as 6.08%. But back in October 2023, Freddie Mac's average saw a historic rise, surging to a 23-year peak of 7.79%.
Home loan applications ticked up after seeing declines, but certain types of loans didn't see the same upswing.
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The 30-year fixed mortgage rate held steady at 6.88% to end the week, down 11 basis points from last week. See today's mixed ...
US mortgage rates slip slightly lower while still holding below the 7% benchmark, according to the data out from Freddie Mac.
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The post Homebuyers Can Save Up to $80K by Mortgage Shopping appeared first on Real Estate News & Insights | realtor.com®.
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