30-year fixed-rate mortgage
averages 3.33% for the ending April 2, down from 3.50% in the previous
week and 4.08% at this time a year ago, according to the Freddie Mac
Primary Mortgage Market Survey.
The decline "reflects improvements in market
liquidity and sentiment," said Freddie Mac Chief Economist Sam Khater.
"While the market has stabilized relative to prior weeks, homebuyer
demand has declined in response to current economic conditions."
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