Mortgage Rates Just Dropped—but the Housing Market Got Even Better News This Week

Mortgage Rates Just Dropped—but the Housing Market Got Even Better News This Week

Mortgage rates dropped this week after pushing dangerously close to 7%. The average rate for a 30-year fixed home loan ticked down from 6.94% to 6.88% for the week ending March 7, according to Freddie Mac. “Evidence that purchase demand remains sensitive to interest rate changes was on display this week, as applications rose for
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