U.S. mortgage rates drop to nearly a one-year low, refinancing boom heats up
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U.S. mortgage rates fell to a nearly one-year low last week, significantly boosting refinancing activity. According to data from the Mortgage Bankers Association, the 30-year mortgage rate dropped to 6.39%, and the refinancing activity index reached its highest level since early 2022. This trend injects new vitality into the real estate market, with expectations that the Federal Reserve will lower the benchmark interest rate soon, further stimulating buyer demand and home sales
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