Mortgage rates have fallen to 6.23 percent ahead of another expected cut by the Federal Reserve in December, slightly improving housing affordability for millions of Americans.

“The Freddie Mac 30-year fixed mortgage rate edged down 3 basis points this week, to 6.23 percent, as delayed economic data trickles in and a divided Fed leans toward a December cut,” Realtor.com senior economist Jake Krimmel said in a statement shared with Newsweek.

 

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