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Mortgage Rates Edge Down But Hold Above 4% for Fourth Week

Sunday, Sep 10 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have slipped but still hold close to their highest since the early 2000s. So reports Reuters.

arrow down icon 157360 1280According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.12% as of September 7, down six basis points from the week before—the second straight weekly decline.

Freddie Mac economist Sam Khater cited upward pressure from solid economic data despite slowing inflation. “For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” Khater said in a statement,

Read the full article from Reuters. 

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