Mortgage Rates Continue to Decrease this Summer

Dated: July 15 2021

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(July 15, 2021)

The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week. Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points. While this decline is not large, it provides modest relief to borrowers who are purchasing in a market with strong home appreciation and scant inventory.

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Alexi Altuve The Alexi Altuve Group

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