Mortgage Rates Just Dipped Below 7%—and May Go Even Lower. Here’s Why.

Mortgage Rates Just Dipped Below 7%—and May Go Even Lower. Here’s Why.

Homebuyers have a lot to be joyful for right now as mortgage rates have dipped below 7%—the first time they’ve done so since August. For the week ending Dec. 14, rates for a 30-year fixed-rate home loan averaged 6.95%, according to Freddie Mac. And odds are, mortgage rates will continue their long-awaited downward trend, providing
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