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Mortgage Rates Tick Down Again, Below 7% For 12th Week In A Row

  • April 10th

by UrbanTurf Staff

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Mortgage rate chart_04-10-25.png

Mortgage rates dropped incrementally yet again this week. 

On Thursday, Freddie Mac reported 6.62% as the average on a 30-year mortgage, down two basis points from last week. 

“The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year.”

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_tick_down_again_below_7_for_12th_week_in_a_row/23387.

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