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For the first time in five weeks, average mortgage rates reversed course and edged up.
“The 10-year Treasury yield rose about 10 basis points this week,” notes Sean
Mortgage rates have fallen to its lowest averages since November 2016, Freddie Mac reports in its weekly mortgage market survey.
“The 30-year mortgage rate fell 11 basis points this
Mortgage rates broke a monthlong holding pattern and inched lower this week.
"The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell 6