Mortgage Rates Drop
Mortgage rates have fallen to the lowest level in almost a year. A 30-year fixed rate mortgage is currently at 6.75%.
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Time To Lock-in Your Rate?
On November 17th, rates fell the largest amount in 41 years. From the 7% rate offered at the beginning of November, rates dropped to 6.5%.
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Interest Rates and Real Estate Lake Tahoe
Freddie Mac’s report that rates had dropped was great news a week ago. The June jobs report and inflation at 8.6% means rates will continue to rise.
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