According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.03% as of December 7, compared with 7.22% a week earlier and 6.33% a year earlier.
That’s the sixth consecutive weekly decline.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
Estimated reading time: 0 minutes, 15 seconds
Mortgage Rates Fall to Almost Four-Month Low
U.S. long-term mortgage rates have extended their recent decline, touching their lowest since mid-August. So reports CNN.
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