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Mortgage Rates Continue to Fall as Other Economic Factors Cool

“Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market,” said Sam Khater, Freddie Mac’s chief economist.

Home Economy
By RISMedia Staff
July 18, 2024
Reading Time: 2 mins read
Mortgage

The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.89% to an average of 6.77% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.

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