US 30-Year Fixed Mortgage Rate Eases to Six-Week Low of 6.45%
- MBA data show decline helped boost home-purchase applications
- Refinancing gauge rose last week to highest since September
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US mortgage rates edged down to a six-week low of 6.45%, helping drive a fourth-straight advance in applications to buy a home.
The contract rate on a 30-year fixed mortgage eased 3 basis points in the week ended March 24, Mortgage Bankers Association data showed Wednesday. The group’s index of mortgage applications to purchase a home rose 2% to 172.7.