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Mortgage Rates Slip As Home Demand 'Thawing': Freddie Mac

Friday, Jan 27 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have edged lower as financial market participants awaited the Federal Reserve’s interest rate-setting meeting. So reports CNN.

arrow down icon 157360 1280According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.13% in the week ending January 26, a drop of two basis points from the prior week.

“Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the monthslong freeze that gripped the housing market," Freddie Mac economist Sam Khater said in a statement.

Read the full article from CNN. 

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