The rate on a 30-year fixed refinance fell today. Refinancing rates for a 30-year, fixed-mortgage are averaging 7.31%, ...
These are today's mortgage and refinance rates. Mortgage rates may not fall much this year unless inflation shows further signs of slowing.
The number of homes on the market is at a seven-year high, meaning buyers are in a strong position to negotiate.
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The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.