Record Low Mortgage Rates Amid Rising Home Prices

Thursday, 16 May 2024, 16:01

Amidst the backdrop of high home prices, the 30-year mortgage rate has reached its lowest point in a month, currently averaging at 7.02%. This convergence of factors is exerting pressure on home buyers, even as they seek to benefit from decreased mortgage rates.
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Record Low Mortgage Rates Amid Rising Home Prices

Record Low Mortgage Rates Amid Rising Home Prices

Amidst the backdrop of high home prices, the 30-year mortgage rate has reached its lowest point in a month, currently averaging at 7.02%.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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