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Mortgage demand in the US has been affected by fluctuating interest rates. Home buyers are waiting for lower rates, leading to a frozen housing market. However, recent data shows a slight decline in mortgage rates, providing relief and easing affordability challenges for buyers. The average 30-year US mortgage rate is currently at 4.67%, slightly lower than previous levels.
The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season. https://t.co/f8WgqXIwcu
Average long-term U.S. mortgage rate falls slightly, easing borrowing costs for home shoppers https://t.co/s2RrrlAzQu https://t.co/uzrwbFdN3T
FROM THE AP Average 30-year US mortgage rate falls slightly, remains well above where it was just two years ago at 4.67%. https://t.co/khRYvzd7pf #RealEstate #HousingMarket #SpringHouseHunt2024 #mortgage #refinance @marealtors @GBAREALTORS
