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Mortgage Rates Turn Lower Amid Stimulus Uncertainty

After rising to start 2021, mortgage rates have inched back downward as the Biden administration promotes its $1.9 trillion COVID-19 relief plan. So reports MarketWatch.

According to Freddie Mac, the average for the 30-year fixed-rate mortgage 2.77% for the week ending January 21, versus 2.79% the prior week.

Zillow economist Matthew Speakman told MarketWatch that it seems “fears of an extended, more substantial spike in rates have diminished—at least for now.”

Read the full article from MarketWatch

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