Industry News

Mortgage Rates Fall to 5.3%, Continuing Volatile Stretch

Mortgage Rates Fall to 5.3%, Continuing Volatile Stretch

Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market. The average rate on a 30-year fixed-rate mortgage dropped to 5.3%, mortgage-finance giant Freddie Mac said Thursday. That is down...

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