Long-term US mortgage rates slump to 3-month lows

Money The Washington Times

WASHINGTON (AP) - U.S. long-term mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers although they face eroded affordability as prices continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed-rate mortgage declined ... …

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