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Mortgage Rates Inch Down

Martineau - Duevel

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Mortgage Rates Inch Down

by

May 11, 2023
This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last year. While inflation remains elevated, its rate of growth has moderated and is expected to decelerate over the remainder of 2023. This should bode well for the trajectory of mortgage rates over the long-term.

Information provided by Freddie Mac.

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