Mortgage Rates Drop Again, Homebuyers Breathe Easy
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mortgage rates have seen a two-day decline, with the average thirty-year fixed rate dropping to 6.29% and fifteen-year fixed at 5.73%. This drop is due to investors returning to bonds, which lowers yields and mortgage rates. While refinance rates are slightly higher, those with strong credit and low debt can secure better deals. The impact of global tensions keeps rates generally higher than earlier this year.
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