Mortgage Rates Drop by 1% from Recent High
Mortgage Rates Hit Lowest Point Since February
According to Freddie Mac, mortgage rates have recently dropped to their lowest level since February. This decline follows recent updates on the economy, inflation, unemployment, and comments from the Federal Reserve.
If you’ve been waiting for mortgage rates to decrease to make a move, the trend is moving in your favor. Check out the graph below to see how rates have been trending downward over the past few weeks.
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