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Mortgage rates were back on the slide following the previous week’s 1 st rise in 7-weeks. In the week ending 27 th June, 30-year fixed rates fell by 11 basis points to 3.73% reversing a 2 basis point.
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After moving sideways for a couple of weeks, mortgage rates have gone tumbling again and have turned back the clock to a very memorable time. Rates this week have fallen now in seven out of the last.
A traditional, brick home in Belmont, North Carolina. An American flag hangs from the front porch. Rates for home loans were mixed, but stayed near recent lows, even as bond market moves suggest.
what is the average length of a home loan Freddie Mac reported today that the average offered rate for a conforming 30-year fixed-rate mortgage was unchanged at 3.82%, holding at a level last seen in September 2017. Conforming 15-year FRMs shaved two basis points (0.02%) from last week’s average, easing to 3.26% and certain to attract homeowners looking to refinance.
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Mortgage rates continued to fall this week, as the average rate for a 30-year fixed rate mortgage dropped to 3.73%, down from 3.84% the previous week, according to Freddie Mac’s Primary Mortgage.
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