Mortgage rates fall for ninth straight week ...Middle East

Mortgage rates fell for the ninth week in a row amid signs that the Federal Reserve could cut interest rates next year. The average 30-year fixed-rate mortgage rate fell to 6.61 percent as of Dec. 28, down from 6.67 percent the previous week, according to new data released Thursday by Freddie Mac. Mortgage rates dipped below 7 percent in mid-December for the first time since August after the Federal Reserve forecasted rate cuts next year. “The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down,” said Sam Khater, Freddie Mac’s chief economist, in a statement. “Heading into the new year, the economy remains on

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Last updated : 28 Dec 2023 clock 10:53 PM

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Mortgage rates fall for ninth straight week ...Middle East

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