Mortgage rates slide to a three-year low, reviving home buying

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Source: MarketWatch
Mortgage rates slide to a three-year low, reviving home buying
Photo: MarketWatch
TL;DR Summary

Freddie Mac reports the 30-year fixed-rate mortgage averaged 6.06% as of Jan. 15, the lowest in more than three years and down from 7.04% a year ago, a drop that has spurred renewed homeBuying and refinancing activity and eased the lock-in effect as affordability improves.

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