Mortgage Rates See Immediate Relief After Positive Economic Data

Mortgage Professional America, July 12, 2024–Candyd Mendoza
Mortgage rates fell the week of July 8 following positive economic data that suggests the Federal Reserve may ease up on interest rates later this year.

Freddie Mac’s latest Primary Mortgage Market Survey shows a slight decrease in both 30-year and 15-year fixed rates. The 30-year fixed-rate mortgage averaged 6.89% for the week ending July 11, down from 6.95% the previous week.
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