Mortgage rates fall as fears about the US economy loom
CNN
Mortgage rates dropped last week, as rates continue to fluctuate fears that the US economy is entering a recession build.
The 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before, according to Freddie Mac. That is still significantly higher than this time last year when it was 2.80%.
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