In this Jan. 4, 2019, photo a sign is displayed outside a house for sale in Pittsburgh’s Lawrenceville neighborhood. The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation. Mortgage buyer Freddie Mac reported Thursday, Nov. 3, 2022 that the average on the key 30-year rate fell to 6.95% from 7.08% last week. (AP Photo/Keith Srakocic)
Matt Ott AP Business Writer WASHINGTON (AP) — The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal…
