Townhouses for sale in Elkridge, Md., on Sept. 27, 2024. Madalina Vasiliu/The Epoch Times
Homebuying slowed this past week, despite U.S. mortgage rates sliding to the lowest level in four years.
For the week ending Feb. 20, the average contract interest rate on a 30-year mortgage was 6.09 percent, down from the previous week’s 6.17 percent, according to new Mortgage Bankers Association data released on Feb. 25.
