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Mortgage Rates Drop to Lowest Point Since 2016

Rates for long-term mortgages rates have fallen to their nadir since before the last presidential election. So reports MarketWatch.

The average on the 30-year fixed-rate mortgage fell for the third straight week, slipping from 3.51% to 3.45% for the week that ended February 6, according to Freddie Mac. That’s the lowest since an average of 3.42% in October 2016.

Sabrina Speianu, senior economist research analyst at Realtor.com, said in a report that this could be the last affordable spring home-buying season for some time.

Read the full article from MarketWatch.

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