Calhoun Commercial Club Building

711 West Lake Street, Minneapolis, MN

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Mortgage Rates Drop Below Seven Percent

January 23, 2025 by Julie Green

January 23, 2024
After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks. While affordability challenges remain, this is welcome news for potential homebuyers, as reflected in a corresponding uptick in purchase applications.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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