Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances

More signs point to more favorable housing costs this week as average mortgage rates continued to fall, following an aggressive half a point cut to interest rates announced by the Federal Reserve on Wednesday.  The 30-year fixed-rate mortgage (FRM) averaged 6.09% this week, down from 6.20% last week, according to the latest Primary Mortgage Market…

The post Mortgage Rates Continue to Fall, Driving Activity for Purchases, Refinances appeared first on RISMedia.

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