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Mortgage Rates Dip for Fourth Week Straight, Hit Lowest Level in 3 Months

“By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months,” says Sam Khater, Freddie Mac’s chief economist

Home Industry News
By RISMedia Staff
June 27, 2024
Reading Time: 2 mins read
Mortgage Applications Continue Declining in Response to Ongoing Rate Hikes

The averaged 30-year-fixed-mortgage rate stepped down for the fourth-straight week, dipping to 6.68% from 6.87% last week and marking its lowest point in the last three months, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.

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