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Mortgage rates fall to lowest level since September
Mortgage rates are the ‘game changer’ in the housing market: Sam DeBianchi
DeBianchi Real Estate’s Sam DeBianchi discusses mortgage rates and shares her outlook for the housing market into next year.
Mortgage rates continued to fall this week to their lowest levels since September as the latest round of economic data showed signs that inflation is starting to cool.
The average rate on a 30-year fixed mortgage fell to 6.15% on Thursday from 6.33% last week, according to mortgage buyer Freddie Mac. A year ago, the average rate was 3.56%.
"As inflation continues to moderate, mortgage rates declined again this week," Freddie Mac chief economist Sam Khater said. "Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment."