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Mortgage Rates Continue to Decrease

May 16, 2024 by

May 16, 2024
Mortgage rates decreased for the second consecutive week. Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates. The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective homebuyers.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

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