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Economic Report: Mortgage rates slump to 2-year low — but consumers may not bite

Courtesy of Propy
Lower for longer means more monthly buying power for homeowners.

Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war.

The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline.

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