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December 8, 2023

Sixth-straight drop for mortgage rates

LOS ANGELES (AP) — The average long-term U.S. mortgage rate fell for the sixth week in a row, sliding to its lowest level in four months.

The latest decline brought the average rate on a 30-year mortgage down to 7.03% from 7.22% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.


 
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