Stocks and Investing Stocks and Investing
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Mortgage rates dipped this week

Mortgage rates dipped this week


Published on 2024-11-27 20:01:33 - Thomas Matters, WOPRAI
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  • People hoping to buy a home have something to be thankful for. Freddie Mac says its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (F

Mortgage rates have experienced a slight decline this week, offering some relief to potential homebuyers. According to the article from consumeraffairs.com, the average rate for a 30-year fixed mortgage dropped to 6.62% from 6.67% last week. This decrease comes amidst economic indicators suggesting a cooling inflation rate, which might influence the Federal Reserve's future interest rate decisions. The article also notes that while rates are down, they remain significantly higher than the historic lows seen during the height of the global health crisis, impacting affordability for many. Additionally, the report highlights that the housing market continues to face challenges with low inventory and high demand, keeping home prices elevated despite the slight dip in mortgage rates.

Read the Full ConsumerAffairs Article at [ https://www.consumeraffairs.com/news/mortgage-rates-dipped-this-week-112724.html ]
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