30-year mortgage rates fell to 6.73% this week, aiding potential homebuyers amid record-high prices.
30-year mortgage rates dropped to 6.73% this week, their lowest point since early February, according to Freddie Mac. This decrease may benefit potential homebuyers struggling with record-high housing prices. Rates remain above pre-pandemic levels, contributing to a U.S. housing slump with declining sales of previously occupied homes and new single-family home sales at their slowest annual pace since November.
August 01, 2024
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