US 30-Year Mortgage Rate Drops a Fifth Week to Two-Month Low
US 30-year fixed mortgage rates fell for a fifth-straight week to the lowest level in two months, shoring up demand to buy a home.
The contract rate dropped 10 basis points to 6.3% in the period ended April 7, Mortgage Bankers Association data showed Wednesday. The group’s index of mortgage applications for the purchase of a home increased 7.8%, the most since mid January.
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US 30-Year Mortgage Rate Drops a Fifth Week to Two-Month Low