After experiencing two consecutive weeks of rises, mortgage rates in the US have finally taken a downward turn, reaching their lowest point in nearly eight months. According to Freddie Mac’s statement on Thursday, the average rate for a 30-year fixed loan now stands at 6.6%, marking the lowest it has been since May. This significant drop from last week’s rate of 6.66% brings some relief to potential homebuyers and those looking to refinance their mortgages.
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