"Record Low US 30-Year Mortgage Rate Drives Surge in Home Sales"
TL;DR Summary
The US 30-year mortgage rate has dropped below 7% for the first time in a month, leading to an increase in applications for home purchases. The contract rate on a 30-year fixed mortgage decreased by 18 basis points to 6.84% in the week ended March 8, according to Mortgage Bankers Association data.
Topics:business#30-year-fixed-mortgage#finance#home-purchases#mortgage-bankers-association#mortgage-rates#us
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