Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

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Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.

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Mortgage Rates Dip Below 3% Again, But Many Buyers Left Out

Sunday, Nov 14 2021

Written by The Mortgage Leader

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Historically low U.S. long-term mortgage rates have posted another decline, though higher prices and a lack of supply are keeping many potential buyers out of the market. So reports the Associated Press.

Freddie Mac 280x280 According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.98% in the week ending November 10, a drop of 11 basis points, while the 15-year loan slid eight basis points to 2.27%.