Mortgage Rates Hit a Fresh Record Low Ahead of Fourth of July Weekend

Could average mortgage rates drop below the 3% mark? If the recent trend continues, that’s a distinct possibility.
The 30-year fixed-rate mortgage averaged 3.07% for the week ending July 2, down six basis points from the week prior, Freddie Mac reported Thursday. In comparison, these loans had an average rate of 3.75% a year ago. READ THE FULL STORY ON

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