The average long-term U.S. mortgage rate retreated for the ninth consecutive week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61% from 6.67% last week, mortgage buyer Freddie Mac said this morning. A year ago, the rate averaged 6.42%. Borrowing costs on 15-year fixed-rate mortgages, popular with
Here’s how low mortgage rates and borrowing costs are now
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