Mortgage rates ease for second straight week
Until the Fed begins lowering its short-term rate, long-term mortgage rates are unlikely to ease significantly, economists say.
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Until the Fed begins lowering its short-term rate, long-term mortgage rates are unlikely to ease significantly, economists say.
Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.
Home prices may still be up, but mortgage rates dipped down to just below 7% this week.
The 30-year fixed-rate mortgage average dropped back below the 7% level as investors reacted positively to news the economy is slowing, Freddie Mac said.
Home prices may still be up, but mortgage rates dipped down to just below 7% this week.