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Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average U.S. 30-year fixed mortgage rate decreased to 6.48% this week, down from 6.53% the previous week, according to Freddie Mac. The rate remains below its level from a year ago (6.85%) but has risen since late February. The decline is attributed to factors including oil price fluctuations due to the war with Iran, which influence inflation and bond yields.
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- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
- Freddie Mac says average rate on a 30-year mortgage fell to 6.48% this week, easing from its highest level in 9 months
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