Mortgage rates have fallen below the 6% level for the first time in more than three years, according to results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released Thursday.
“For the first time in three and a half years, the 30-year fixed-rate mortgage (FRM) dropped into the 5% range, falling even lower than last week’s milestone,” Freddie Mac’s Chief Economist Sam Khater said, announcing the news:
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