Mortgage rates continue to decline, reaching a new low as the average 30-year fixed rate for conforming loans falls to 7.25%. This downward trend in rates is a significant development in the mortgage industry, impacting both homebuyers and homeowners looking to refinance.
Key points:
– Average 30-year fixed rate for conforming loans hits 7.25%
– Mortgage rates continue to slide, potentially reaching new lows
– Impact on homebuyers and homeowners looking to refinance
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-trend-down-as-the-labor-market-loosens/(subscription required)
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