As Mortgage Rate Tumbles, Will Buyers Rush In? Not So Fast, They Say

Orange County Register, Aug. 8, 2024–Jeff Lazerson
The Freddie Mac 30-year fixed rate fell Aug. 7 to 6.47%, its lowest level since May 2023. The mortgage rate roll down started with a higher-than-expected unemployment rate at 4.3%, announced Aug. 2 by the Labor Department.
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