30-Year Mortgage Rate Falls Below 6% For 1st Time Since 2022
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The average 30-year fixed mortgage rate fell to 5.98%, dipping into the 5% range for the first time in three and a half years. Rates are down sligh
Mortgage rates fell to low levels during the pandemic, dropping below 3% as real estate prices soared. But subsequent issues with inflation ultimately caused the Federal Reserve to raise its benchmark interest rate, which led consumer interest rates to ...
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