US mortgage rate drop could cause spike in home sales

U.S. mortgage rates fell below 4 percent last week, which may encourage a rush of home buyers. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the Wall Street Journal reported, citing data released by Freddie Mac. It’s the first time rates have dropped below 4 percent since November. A week earlier, the rate was 4.08 percent and in mid-March it was 4.3 percent, according to the Journal. Mortgage rates jumped […] Read More >> https://therealdeal.com/2017/04/24/us-mortgage-rate-drop-could-cause-spike-in-home-sales/

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