Good news for homebuyers. Mortgage rates just dropped again
Washington, DCCNN — Mortgage rates dropped again this week for the second week in a row amid lingering concerns about bank failures and uncertainty in the financial markets. The 30-year fixed-rate mortgage averaged 6.42% in the week ending March 23, down from 6.60% the week before, according to dat
How does a mortgage rate buy-down work?
A temporary buy-down provided by the seller allows the borrower to have more money available during the early years to handle furnishing and renovation costs. (Jim Lo Scalzo/EPA-EFE/Shutterstock) Higher mortgage rates — up nearly double over a year ago — cut into affordability and increase monthly
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