US 30-Year Mortgage Rate Drops to 7.18% for Third Week
The average 30-year fixed mortgage rate in the U.S. fell to 7.18% this week, marking its third consecutive weekly decline, down from 7.24%. The 15-year fixed mortgage rate also decreased to 6.57%. These lower rates provide some financial relief to prospective homebuyers amid rising costs, according to Freddie Mac.
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