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Mortgage Rates Sit Near Lows, But Volatility Poses Challenges

Tuesday, Apr 14 2020
Lending
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While mortgage rates stayed near record lows in the past week, their turbulent swings this year means home buyers might have trouble actually securing such cheap financing. So reports MarketWatch.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.33% in the week ending April 9, unchanged from the week before.

“There’s a lot of volatility in markets in general,” Realtor.com chief economist Danielle Hale told MarketWatch. “People see that in the stock market, which swings up and down depending on the time of day, and that’s also true in the mortgage market.”

Read the full article from MarketWatch.

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