Mortgage rates fall below 6 percent for first time in more than 3 years

Mortgage rates fall below 6 percent for first time in more than 3 years

Mortgage rates fell below 6 percent on Thursday for the first time in more than three years, marking an opening for homebuyers as inflation cools.  Currently, the 30-year fixed-rate mortgage is averaging 5.98 percent, down .03 points from last week, according to Freddie Mac.  Last year, the rate averaged 6.76 percent.  “This lower rate environment…

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