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Freddie Mac reports the 30-year fixed mortgage rate averaged 6.72% for the week ending July 31 — down from 6.74% last week.
More homeowners decided to refinance their current mortgage, as interest rates remained fairly steady—under 7%.
The post Pending Home Sales Drop in June as Buyers Struggle With Affordability appeared first on Real Estate News & Insights ...
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May’s $915,000 median-priced residence – financed at 6.8% – cost an estimated $5,925 a month. That’s third-highest on record.