This week, the average U.S. fixed rate for a 30-year mortgage declined to 3.57%. That’s 8 points below last week’s 3.65% and more than a percentage point lower than the 4.71% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. Despite the economic slowdown due to weakening manufacturing and corporate investment, Sam Khater, Freddie Mac’s chief economist […more]
Posted in: San Francisco
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