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Mortage rates dropping

Michelle Kantrow September 29, 2024
According to recent reports, Fannie Mae projects the 30-year fixed mortgage rate will average 5.70% by A4 2025; the Mortgage Bankers Association anticipates 5.90%, and Wells Fargo expects 5.55%. (Credit: Andrii Yalanskyi | Dreamstime.com)

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QUOTE OF THE WEEK:

“The budget illustrates that the fiscal responsibility we instilled in previous years puts the Commonwealth in a better position to respond to the changing federal funding landscape. 

 

Like many states, municipalities and territories across the U.S., we may have to revisit the budget with the Governor and Legislature if federal funding levels change.”

 

— Robert Mujica, executive director, Financial Oversight and Management Board for Puerto Rico

 

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