Barbara Johnston

952-201-1991

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Mortgage Rates Drop Below Seven Percent

January 23, 2025 by Barbara Johnston Leave a Comment

January 23, 2024
After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks. While affordability challenges remain, this is welcome news for potential homebuyers, as reflected in a corresponding uptick in purchase applications.

Information provided by Freddie Mac.

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