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Kenya Durgan

Latest reporting and analysis by Kenya Durgan.

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Mortgage Rates Decline to Lowest Level Since Late 2022

Mortgage Rates Decline to Lowest Level Since Late 2022

Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, the lowest since September 2022, according to Bankrate's survey. The drop follows a recent presidential announcement aimed at boosting mortgage-backed securities purchases.