Mortgage Rates Drop to their Lowest Level in 19 Months

Good news for those hoping for more decreases in mortgage rates this week, however the same challenges persist regarding affordability and inventory, preventing a meaningful break in the hindered housing market. The 30-year fixed rate mortgage averaged 6.20% this week, down from 6.35% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) released…

The post Mortgage Rates Drop to their Lowest Level in 19 Months appeared first on RISMedia.

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