Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases
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Mortgage rates are declining, with the average 30-year fixed rate now at 6.09%, down from 7.19% last year. This drop is increasing demand for refinancing and home purchases, as noted by Freddie Mac. The Federal Reserve's recent rate cut is influencing the housing market, and further declines in mortgage rates are expected to boost housing activity. Exchange-traded funds related to mortgage stocks are also responding positively to these changes, with notable increases in their values.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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