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This week, government-backed lender Freddie Mac reported that the 30-year fixed-rate mortgage averaged 4.35 percent, a one-year low. The previous week, the rate was 4.37 percent.
The U.S. home loan delinquency rate fell to an 18-year low in the fourth quarter of 2018, according to new data gathered by the Mortgage Bankers Association.
Interest rates for home loans ticked up the week of March 7, 2019 after four weeks of declines. The 30-year fixed rate for mortgages averaged 4.41 percent, per Freddie Mac data.
Interest rates are expected to steadily increase the next 12 months, ending at 5 percent in the third quarter of 2016
The latest data from government-backed lender Freddie Mac show that the 30-year fixed average dropped to its lowest rate in more than a year, 4.31 percent.
A growing number of renters and homebuyers are relocating for affordability, but not all of them are finding it after making their move
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