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Home buyers get some relief as mortgage rates come off 7% highs

Por: Los Angeles Times Nation December 23, 2022

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In October, mortgage interest rates topped 7% for the first time in two decades, the latest milestone reached this year amid a surge in borrowing costs. But potential home buyers may have noticed something different recently: Rates are falling. On Thursday, mortgage giant Freddie Mac reported that the average on a 30-year fixed home loan dropped for the sixth straight week, hitting 6.27% for the week that ended Wednesday. To buyers who last year... + full article



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