Mortgage Rates Just Dropped Again—and More Good News for Housing This Fall
Photo-Illustration by Realtor.com; Photos: Getty Images (3)Mortgage rates fell for the second week in a row, averaging 7.12% for a 30-year fixed-rate loan in the week ending Sept. 7, according to Freddie Mac.This downward trend is a welcome relief after rates spiked to a 22-year high of 7.23% two we
Average Long-Term U.S. Mortgage Rate Fell to 7.12%
However, the 30-year fixed-rate mortgage remains near the 22-year high it hit three weeks ago. Last week, it was 7.18%.
Insurance Issues Could Pose Long-Term Problems
After Idalia, Fitch Ratings warns about long-term effects of property-insurance problems in Fla. and California, citing rising costs and reduced availability.
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