Mortgage rates held at record lows for the second straight week, which could present an opportunity for some homeowners to increase their emergency funds. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 25, unchanged from the previous week, Freddie Mac FMCC, + 0.47% reported Thursday. Comparatively, these …
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The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean that now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% It reported that mortgage rates hit a new record low for the fourth time this year, with the …
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The numbers: Sales of newly built single-family homes occurred at a seasonally adjusted annual rate of 676,000 in May, the government reported Tuesday. That represented a 16.6% increase from the revised downward pace of 580,000 in April. Compared to the previous year, new home sales increased 12.7% in May. Analysts …
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