The average long-term mortgage rate is down to 6.6%, the lowest since May

The average long-term mortgage rate is down to 6.6%, the lowest since May

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The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market. The average rate on a 30-year mortgage dropped to 6.6% from 6.66% last week,…

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