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Mortgage Rates Dip Below 7% Amid Economic Uncertainty

1 min read
Source: Fox Business
Mortgage Rates Dip Below 7% Amid Economic Uncertainty
Photo: Fox Business
TL;DR Summary

Mortgage rates have dipped below 7% this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.99% from 7.03% last week, according to Freddie Mac. This slight decrease comes as high mortgage rates continue to stifle the housing market, with home sales falling for the second consecutive month in April. The average rate for a 15-year fixed mortgage also decreased to 6.29% from 6.36% last week.

Topics:business#freddie-mac#home-sales#housing-market#interest-rates#mortgage-rates#real-estate
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  1. Mortgage rates tick down, back below 7%  Fox Business
  2. When will mortgage rates go down? A look at 2024 and 2025.  Yahoo Finance
  3. 30-Year Fixed-Rate Mortgage Slips: Current Mortgage Interest Rates on June 5, 2024  CNET
  4. Mortgage Rates Improve Again, Despite Headwinds From Economic Data  Mortgage News Daily
  5. Will mortgage rates fall after the June Fed meeting? Here's what experts think  CBS News

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