US Mortgage Rates Decrease to Lowest Level Since February 2023
- Would-be buyers are sticking to the sidelines, economist says
- Home prices have stuck at high levels in recent months
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Mortgage rates in the US dropped to the lowest since February 2023.
The average for a 30-year, fixed loan was 6.2%, down from 6.35% a week earlier, Freddie Mac said in a statement Thursday.