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The average mortgage rate continued to fall. Next: Unique Homes for Sale in Historic Houston Neighborhoods
The average mortgage rate continued to fall. Next: Unique Homes for Sale in Historic Houston Neighborhoods
Photo: Houston Association Of Realtors
The average mortgage rate continued to fall. Next: Unique Homes for Sale in Historic Houston Neighborhoods
The average mortgage rate continued to fall. Next: Unique Homes for Sale in Historic Houston Neighborhoods
Photo: Houston Association Of Realtors
Mortgage rates have been falling since the end of 2018 and are now at their lowest level in 16 months.
According to Freddie Mac's weekly mortgage survey, the average rate on a 30-year fixed rate mortgage is 4.06%, down 18% from its recent high in November.
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Falling interest rates could boost housing purchases in the upper end of the market, said Freddie Mac in his recent report, "since the wealthier consumers are generally more sensitive to rate cuts."
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