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Mortgage Rates Drop Slightly Before Thanksgiving

  • December 2nd

by UrbanTurf Staff

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Mortgage rates chart_12-02-24.png

Long-term mortgage rates leveled off this week. 

Last week, Freddie Mac reported 6.81% as the average on a 30-year mortgage, down 3 basis points from the previous week. 

“Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies," said Sam Khater, Freddie Mac’s Chief Economist. "Potential homebuyers are also waiting on the sidelines, causing demand to be lackluster. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rates

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_rates_drop_slightly_before_thanksgiving/22967.

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