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6.26%: Mortgage Rates Continue To Fall

  • September 18th

by UrbanTurf Staff

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Mortgage rate chart_09-18-25.png

Long-term mortgage rates continue to drop. 

Freddie Mac reported 6.26% as the average on a 30-year mortgage on Thursday, down nine basis points from last week. 

“Mortgage rates decreased yet again this week, prompting many homeowners to refinance. In fact, the share of mortgage applications that were refinances reached nearly 60%, the highest since January 2022,” said Sam Khater, Freddie Mac’s Chief Economist. 

Rates are down more than 60 basis points since June, and are at the their lowest point since last October. 

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/626_mortgage_rates_continue_to_fall/23879.

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