US Mortgage Rates Fall for Third Week to Lowest in Two Years
- Refinancings, purchase-application activity has picked up
- Realtor.com expects rates to stabilize in the 6% to 6.2% range
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Mortgage rates dropped to the lowest in two years, helping push buyers back into the housing market.
The average for a 30-year, fixed loan was 6.08%, down from 6.09% last week, Freddie Mac said in a statement.