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Mortgage Rates Drop For First Time In A Month

  • 1:14 PM EDT

by UrbanTurf Staff

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Mortgage rate chart_04-09-26.png

Long-term mortgage rates halted their march north this week. 

Freddie Mac reported 6.37% as the average on a 30-year mortgage on Thursday, dropping 9 basis points from last week. 

“The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year,” said Sam Khater, Freddie Mac’s Chief Economist.

 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: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_drop_for_first_time_in_a_month/24506.

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