Mortgage rates hit lowest level in more than a year
'...30-year fixed-rate mortgages averaged 6.19% as of October 23, down from 6.27% last week and 6.54% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.44%, compared to 5.52% in the prior week and 5.71% a year ago.
"At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%...'
Reference: Seeking Alpha
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