30-year mortgage rate drops to 6.20%, lowest since Feb 2023, according to Freddie Mac.

The average rate on a 30-year mortgage has dropped to 6.20%, the lowest since February 2023, according to Freddie Mac. This decline may provide homebuyers and homeowners seeking refinancing with new opportunities in the mortgage market. Freddie Mac is a government-sponsored enterprise that supports housing market stability by purchasing and guaranteeing residential mortgages.

September 12, 2024
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