AVERAGE MORTGAGE RATE TICKS DOWN
Posted by David Leonard on Friday, March 17, 2023 at 7:19:35 AM
By David Leonard / March 17, 2023
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Mortgage rates took a dip this week, dropping to 6.6% from 6.73% for a 30-year fixed mortgage. This is likely temporary, however. Due to relative uncertainty in the banking industry, many investors fled to bonds driving the bond price up. When bond prices rise, the interest rate usually falls.
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