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March 7, 2025

Mortgage rates dip to 6.63%

LOS ANGELES (AP) — Mortgage rates eased this week for the seventh week in a row, a trend that gives prospective home shoppers more financial flexibility just as the spring homebuying season gets going.

The average rate on a 30-year mortgage in the U.S. fell to 6.63% from 6.76% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.88%.


 
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