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February 7, 2025

Average rate on a 30-year mortgage falls to 6.89%

By MATT OTT
AP Business Writer

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.

The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.64%.


 
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