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Mortgage Rates Fall for Fifth Straight Week

Sunday, Apr 16 2023
Lending
Written by  The Mortgage Leader

U.S. long-term mortgage rates have recorded their fifth consecutive weekly decline amid moderating inflation. So reports CNN.

arrow 98577 1280According to Freddie Mac, the average on the 30-year fixed-rate mortgage was 6.27% in the week ending April 13, compared with 6.28% the previous week and 5% a year earlier.

Freddie Mac economist Sam Khater cited “increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”

Read the full article from CNN.

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