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U.S. mortgage rates fall to their lowest level since last October, but buyers are starting to enter the market on the dip

U.S. mortgage rates fall to their lowest level since last October, but buyers are starting to enter the market on the dip

金色财经金色财经2025/12/04 17:40
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Jinse Finance reported that Freddie Mac stated on Thursday that the average rate for 30-year fixed mortgages in the United States was 6.19% last week, marking the second consecutive week of decline and reaching the lowest level since the end of October last year. The previous week’s rate was 6.23%, while the average a year ago was 6.69%. Homebuying activity remains sluggish as economic pressures weigh on buyers. However, as rates drop to near 6%, some people have shown greater interest. According to data from the Mortgage Bankers Association, mortgage purchase applications increased by 2.5% for the week ending November 28, reaching the highest level since early 2023. Joel Kan, the association’s deputy chief economist, stated, “Although slower home price growth and increased inventory have brought some buyers back to the market, the overall economic outlook remains uncertain, resulting in mixed weekly outcomes.”

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