Mortgage rates drop to lowest level since early 2023 after rate cut
The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week to its lowest level since early February 2023. The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%.
Maybe it’s just a coincidence, but the week the Federal Reserve cut its key interest rate for the first time in four years, ...
Autumn is traditionally a slower time for the housing market, when prices ease and listings tend to linger, according to ...
"Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers," said Sam Khater, Freddie Mac's chief economist ... which are ...
The homebuyers are using the savings from their low-interest-rate mortgages to pay down debt and cover medical and retirement ...
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 5.125% for a 15-year fixed-rate ...
Mortgage rates are lower than they have been since early last year. Homebuyers and homeowners refinancing can now save ...
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