The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, Mortgage News Daily said.
For someone buying a $400,000 home today with a 20% down payment, the monthly payment is $293 less than it would have been in October.Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty ImagesMortgage News DailyThe housing market hasn't seen the rate with a five handle since a brief blip in early September. Before that, it was in early August.
Jerome started hiking in due time . Timing is the essence of ' markets fine life '.
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