US mortgage rates decline to 6.74%, easing borrowing costs
TL;DR Summary
The average 30-year US mortgage rate slightly decreased to 6.74%, but remains high, contributing to a sluggish housing market with record-high home prices and low sales, as elevated borrowing costs discourage homeownership and selling.
- Average long-term US mortgage rate eases to 6.74%, keeping home loan borrowing costs elevated ABC News
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- Mortgage Rates in US Inch Down, Sending 30-Year Loans to 6.74% Bloomberg.com
- Mortgage Rates Dip To Lowest Level In Three Weeks Bankrate
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