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Mortgage rates fell to 6.5% for a 30-year fixed-rate mortgage, the Federal Home Loan Mortgage Corporation said Thursday.

Despite lower rates, Redfin notes home sales aren't surging due to affordability issues.

Redfin said the median selling price for homes was still $392,738, up 1.6% from 2024.

SALT LAKE CITY — "Mortgage rates tumble," the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, declared Thursday.

The weekly average for a 30-year fixed-rate mortgage in the U.S. has fallen to 6.5%, a drop of 0.06 percentage points from the week ending Aug. 28, Freddie Mac reported, noting the downward trend is "increasing optimism for new buyers and current owners alike."

At Mortgage News Daily, Thursday's daily index hit 6.4

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