Mortgage rates fall after three weeks of increases

Mortgage rates fell this week but remained near multi-year highs, making it the least sensible time to buy a home since before the financial crisis.

Average interest rate on a 30-year fixed-rate mortgage has dropped to 5.70%, mortgage finance giant Freddie Mac said on Thursday. This is down from 5.81% last week but up from 3.22% at the beginning of the year. Mortgage rates fall after three weeks of increases

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