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WealthEconomicsUS Mortgage Rates Plunge to 5.3% in Biggest Drop Since 2008Drop provides ‘minor relief’ to buyers, Freddie’s Khater saysBorrowing costs are at the lowest level in about a monthHousing Markets Are Bubbling All Over the WorldByPrashant Gopal+FollowJuly 7, 2022, 2:00 PM UTCUpdated onJuly 7, 2022, 3:09 PM UTCMortgage rates in the US posted the biggest one-week decline since 2008.The average for a 30-year loan fell to 5.3%, the lowest in a month and down from 5.7% last week, Freddie Mac said in a statement Thursday.
