Mortgage Calculator: What It Takes To Buy a $400,000 Home at a 6.37% Rate

Mortgage Calculator: What It Takes To Buy a $400,000 Home at a 6.37% Rate

Mortgage rates saw a welcome reprieve this week, as the average rate on 30-year fixed home loans fell to 6.37% for the week ending April 9, according to Freddie Mac. This 9-basis-point drop follows last week’s 6.46% peak, which had marked a seven-month high for borrowing costs. While rates remain higher than the lows seen
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