What is the Average American Mortgage Rate?
According to financial data collected throughout the country, the current average American mortgage rate is approximately 4.238%. Financial trends show that the current rates are the lowest they have been in several decades, due to successful government economic policies, relief funds, and heavy competition in the mortgage market niche. This means that taking out a fixed rate policy while the rates remain low is a sound plan that can save you from the steady inflation of interest rates that has been predicted for the coming years.
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