Mortgage Rates Tumble to 6.35%, Infusing ‘Much Needed Energy’ Into the Market

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Mortgage Rates Tumble to 6.35%, Infusing ‘Much Needed Energy’ Into the Market

Mortgage rates continued to fall this week, with the average rate for a 30-year fixed home loan going from 6.46% last week to 6.35% for the week ending Aug. 29, according to Freddie Mac. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” Sam Khater, Freddie Mac’s chief economist, said
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