Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market.

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Mortgage rates fall to lowest level since February 2023

The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week.

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Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023

The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week

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By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate mortgage averaged 6.20% in the week ended September 12, mortgage financing giant Freddie Mac said Thursday. That’s down from last week’s 6.35% and well below the two-decade high of 7.79% in October 2023. Mortgage rates started to drop e…

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Mortgages rates just fell again. Here’s what you need to know.

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Mortgage rates fell for the sixth straight week last week, but mortgage demand still seems to be waiting for something bigger.

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Mortgage rates hit lowest level since February 2023

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Mortgage rates declined to their lowest point in more than 18 months last week, encouraging homebuyers to refinance the amount they have left on their home loans. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking the sixth straight week in declining rates, according to the Mortgage Bankers Association (MBA). The average interes…

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Mortgage Rates Fall To Lowest Level Since February 2023 - Invesco Mortgage Capital (NYSE:IVR), ETF Opportunities Trust Kingsbarn Dividend Opportunity ETF (ARCA:DVDN)

Major lenders are scrambling to generate business with increasingly competitive deals

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Average two year mortgage rate falls below 5.5% for first time since June 2023

With inflation moderating and the Federal Reserve about to slash interest rates, homebuyers are seeing better rates on home loans.

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Mortgage Rates Plummet Ahead of Fed Rate Cut: Today's Mortgage Rates, Sept. 12, 2024

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Mortgage rates fall to lowest level since February 2023

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