John Wichmann - 612-309-4749 Amanda Doub - 612-998-6086

Mortgage Rates Hit All-Time Record Low Heading into Holiday Weekend

Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year. On the economic front, incoming data suggest the rebound in economic activity has paused in the last couple of weeks with modest declines in consumer spending and a pullback in purchase activity.

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