The average long-term U.S. mortgage rate eased back from a seven-month high this week, a welcome change for homebuyers navigating high borrowing costs and heightened competition for relatively few homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.71% from 6.79% last week. […]

The post Boost for homebuyers: Average long-term US Mortgage Rate Eases from 7-month high first appeared on FORECLOSURE FRAUD.