Mortgage rates fall to under 7.25 percent
Summary
Mortgage rates fell for the second consecutive week, dropping below 7.25 percent. The decline offered some relief to people looking to buy homes in an expensive housing market.Key Facts
- Mortgage rates declined for the second straight week.
- Rates fell to below 7.25 percent.
- The lower rates may provide relief to prospective homebuyers.
- The housing market remains pricey.
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