Ticker: Mortgage rates dip again; China to buy millions in soybeans

Average mortgage rate hits lowest level in year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. The average long-term mortgage rate dropped to 6.17% from 6.19% last week, mortgage buyer Freddie…

Ticker: Mortgage rates dip again; China to buy millions in soybeans

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. Lower mortgage rates boost homebuyers’ purchasing power. They also benefit homeowners eager to refinance their current home loan to a more attractive rate. The average long-term mortgage rate dropped to 6.17% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.72%. The last time the av…

U.S. Mortgage Rates Hit One-Year Low as Fed Cuts Rates: CWEB Business News

A significant retreat in U.S. mortgage rates has provided a glimmer of opportunity for prospective homebuyers, with the average 30-year fixed loan falling to 6.17% this week, its lowest point in over a year. This decline arrives just one day after the Federal Reserve enacted its second interest rate cut of the year, a […]

Mortgage Rates Dip to 6.17% After Fed’s Second Cut This Year

Open the article to view the coverage from BizToc