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Jill On Money: Is 6% the Solution to Housing Affordability?
Freddie Mac reported the average 30-year fixed mortgage rate at 5.98% on Feb. 26, down from 7.8% in October 2023, easing affordability pressures slightly.
- Freddie Mac said on February 26 the 30-year fixed mortgage rate was 5.98%, below 6% for the first time in three and a half years.
- After a three and a half year run above 6 percent, the average 30-year rate fell below 6 percent for the first time last week, Freddie Mac reported.
- Year-over-Year, the 30-year rate fell from 6.76% a year earlier, marking a notable annual decline, Freddie Mac reported.
- The drop contrasts with the 7.8% October 2023 peak, as the current figure is significantly lower than that recent high.
- According to Jill Schlesinger last week, Freddie Mac reported the 30-year mortgage rate was 5.98% on February 26.
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Jill On Money: Is 6% the solution to housing affordability?
Last week, the average for 30-year fixed mortgage rates dropped below 6 percent for the first time in three and a half years. Freddie Mac reported that as of February 26, the 30-year rate was 5.98%, down from 6.76% a…
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Total News Sources22
Leaning Left2Leaning Right1Center18Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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