Mortgage rates declined slightly this week as investors grew more optimistic that the Federal Reserve’s long string of rate increases is drawing to a close.

Rates on 30-year fixed-rate mortgages dipped to a nationwide average of 6.72 percent for the week that ended yesterday, according to a survey by Freddie Mac, the mortgage company. That rate compares with 6.8 percent for the week ending July 20, which was the highest in more than four years. (Read More)

Source: Baltimore Sun  

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Tags: Real Estate News