U.S. mortgage rates drop again to lowest level since April 2023: industry

NEW YORK, Aug. 28 (Xinhua) -- U.S. mortgage rates fell again last week to the lowest level since April 2023, spurring a modest pickup in applications to buy a home, with the contract rate on a 30-year fixed mortgage eased for a fourth week to 6.44 percent, the longest stretch of declines this year in the United States, according to Mortgage Bankers Association (MBA) data released on Wednesday.

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