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Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.
Historic mortgage rate trends. During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91% ...
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