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Weekly Mortgage Rates Drop to 6.99%, but Don’t Exhale Just Yet cover art

Weekly Mortgage Rates Drop to 6.99%, but Don’t Exhale Just Yet

Weekly Mortgage Rates Drop to 6.99%, but Don’t Exhale Just Yet

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For the first time since the Federal Reserve raised its benchmark interest rate in September, the average weekly mortgage rate has dipped below seven percent. According to data provided to NerdWallet by Zillow, the average rate for a thirty-year fixed-rate mortgage fell two basis points to six point nine nine percent for the week ending November twelfth.
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