The latest data from Freddie Mac reveals that the 30-year fixed-rate mortgage has dipped below the 7% threshold, settling at 6.99%. Yahoo Finance'sbreaks down the details, shedding light on the implications this slight relief in rates will have for the housing market.The average rate on a 30 year fixed mortgage fell to 6.99% this week as it continues to hover around that 7% mark for what the latest numbers could mean for the housing market.
We have seen from another report that just last month the average mortgage payment has increased by $60 for on average monthly mortgage. And, you know, as we've been talking about it a lot on the show, people are really paying more out of pocket for that borrowing costs now that rates are hovering around 7% mark.Suncor stock has a supported dividend for now, but the dividend stock isn't likely to remain so strong in the next decade. The post Forget Suncor Stock: This Dividend Heavyweight is the Better Buy Today appeared first on The Motley Fool Canada.
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