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Stock impact report

Mortgage rates drop to the lowest level in a year, opening ‘an important window' for buyers [Yahoo! Finance]

Regions Financial Corporation (RF) 
Last regions financial corporation earnings: 4/17 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.regions.com
Company Research Source: Yahoo! Finance
The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, according to a weekly report from Freddie Mac FMCC. Most Read from MarketWatch ‘I'm in the home stretch': I'm 80. Do I leave my kids a ‘Magnificent Seven' dynasty trust or a brokerage account? ‘Big Brother is watching how we spend our dollars': I asked to withdraw money from my bank. The teller started grilling me. Is this normal? ‘My family is having a crisis': My mom added my brother to her mortgage. He stopped paying. How does she get him off it? The 30-year was down 8 basis points from a week ago. The last time the 30-year mortgage fell to this level was in early October 2024. A separate, daily survey of lenders by Mortgage News Daily said the 30-year fixed-rate mortgage fell to 6.17% as of Oct. 22. Rates are falling because investors are betting on a rate cut by the Federal Reserve during its upcoming meeting next week to stimulate the U.S. economy. That pushed the 10-year Treasury down, which in turn Show less Read more
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