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Mortgage rates drop as housing market gets good news

Por: Newsweek Nation December 15, 2023

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Mortgage rates in the U.S. fell to their lowest point since May after the Federal Reserve signaled the end of its tightening cycle and penciled in rate cuts for the coming year.The drop of mortgage rates below the 7 percent mark, according to Mortgage News Daily (MND), aligns with the central bank's decision on Wednesday to continue to pause rate hikes, which caused Treasury markets—what mortgage rates are pegged to—to fall. Fed Chair... + full article



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