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Mortgage Rates Drop to 6.35%, Boosting Homebuying and Refinancing

1 min read
Source: NPR
Mortgage Rates Drop to 6.35%, Boosting Homebuying and Refinancing
Photo: NPR
TL;DR

Mortgage demand has surged as average 30-year fixed mortgage rates dropped to 6.35%, the lowest since October 2024, driven by declining Treasury yields amid a weakening labor market and expectations of a Federal Reserve rate cut, leading to increased home purchase and refinance applications.

Topics:top-newsbusiness#business#federal-reserve#homebuying#interest-rates#mortgage-rates#refinancing
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  1. Home mortgage demand surges as rates drop to 6.35%  NPR
  2. Mortgage rates tumble, marking largest weekly drop in a year  Fox Business
  3. Homeowners dash to refinance as mortgage rates dive — with some home buyers coming off the sidelines  MarketWatch
  4. How to get a mortgage rate under 6% this September  CBS News
  5. Mortgage Interest Rates Today: Mortgage Rates Plunge to New Low as Key Fed Decision Looms  Realtor.com

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