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February 28, 2025

Rate on a 30-year mortgage falls for sixth-straight week

By ALEX VEIGA
AP Business Writer

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going.

The average rate fell 6.76% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.94%.


 
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