Mortgage Rates Fall to 6.47% as Ceasefire Brings Cautious Optimism
What happened to mortgage rates this week? The Freddie Mac 30-year fixed mortgage rate fell 5 basis points to 6.47% this week following a ceasefire agreement in Iran and a framework to reopen the Strait of Hormuz. The previous weeks have been filled with constant back-and-forths, showing progress toward a resolution, only to be followedRead …
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