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Mortgages at 15-month low, leading to spike in applications. – She said the low mortgage rates and wage gains should help prospective homebuyers, even as home prices continue to rise, but noted that entry-level homes are still limited in inventory.
US mortgage rates post biggest drop in decade to 4.06 pct. – The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. The average fee on 30-year fixed-rate mortgages ticked up this week to 0.5 point from.