US Mortgage Rates Plunge to 5.3% in Biggest Drop Since 2008

Bloomberg2022-07-07

Mortgage rates in the US posted the biggest one-week decline since 2008.The average for a 30-year loan fell to 5.3%, the lowest in a month and down from 5.7% last week, Freddie Mac said in a statement...

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Comments

  • PearlynCSY
    2022-07-08
    PearlynCSY
    Goldman slashes GDP forecast for the second quarter to just barely above water. Goldman sliced its second-quarter outlook for GDP to just 0.7%, down from the previous expectation of a 1.9% increase.Combined with the decline of 1.6% in the first quarter that would bring the first half to within a whisker of a recession.Wells Fargo economists said they expect more aggressive Fed policy to step up the timeline for a “moderate” recession starting soon and lasting a year. 
  • MO75
    2022-07-08
    MO75
    So who wanna buy house now ? 
  • Seah CL
    2022-07-08
    Seah CL
    K
  • Dalang
    2022-07-08
    Dalang
    Strong 
  • Williamw
    2022-07-07
    Williamw
    Ok
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