U.S. mortgage rates dropped again this week dipping further below the 3% mark, according to Freddie Mac. The 30-year fixed mortgage rate averaged 2.93% for the week ending June 17 — down from 2.96% last week.
Three months ago, mortgage rates hit 2.65%, which was the lowest since tracking began in 1971. A year ago, mortgage rates stood at 3.13%.
Low mortgage rates help propel U.S. home sales and the refinance market.
Read the full story on cleveland.com’s sister site, Cleveland Business Journal.
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June 21, 2021 at 08:24PM
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U.S. mortgage rates fall again - cleveland.com
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