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Mortgage rates fall to lowest level in over a month as Iran deal framework takes shape
Mortgage rates fell this week to the lowest level in more than a month, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.47% from last week's reading of 6.52%. The average rate on a 30-year loan was 6.81% a year ago.INCOME NEEDED TO AFFORD A MEDIAN-PRICED HOME HAS NEARLY DOUBLED SINCE 2020, REPORT FINDS"Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is...2 days ago
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