Mortgage rates fall sharply after negative GDP report and Fed's latest hike - CNBC
7/29/2022 12:00:00 AM3 years 7 months ago
by Diana Olick
by Diana Olick
The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, according to Mortgage News Daily.
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% … [+2698 chars]
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