Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023

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Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023
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The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week.

<p>WASHINGTON — The average rate on a 30-year mortgage in the U.S.

</p><p>A year ago, the rate averaged 7.18%. That's good news for prospective homebuyers facing home prices near all-time highs.

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Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week
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Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The rate fell to 6.20% from 6.35% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.18%.
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