Keep Buying Power High
A year ago at this time, 30-year fixed-rate mortgages dropped below 4 percent for the first time since Freddie Mac started reporting national average mortgage rates in 1971. Thirty-year rates have fairly much stayed below 4 percent since then too, continuing to hover near all-time record lows and pushing home buyers’ purchasing power higher and helping refinancers to unlock savings.
Freddie Mac reports the following national averages in mortgage rates for the week ending Nov. 8. Read more ....
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