According to Freddie Mac, the 30-year fixed-rate mortgage averaged 2.78% in the week ending July 22, down 10 basis points from a week before.
The average for the 30-year home loan was 3.18% in April and 3.01% at the same time last year.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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Mortgage Rates Fall for Fourth Straight Week
As concern about the spread of the Delta variant sent jitters across global markets, U.S. mortgage rates have dropped for a fourth consecutive week. So reports the Associated Press.
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