California home sales dropped in June, despite the lowest mortgage rates in three years, helping boost the buying power of many consumers.
Long-term mortgage rates remained steady for the period ending July 11, as consumers continue to enjoy the lowest rates in about 18 months.
30-year: 3.75%, no change from a week ago
15-year: 3.18% vs. 3.22 a week ago
Source: Freddie Mac
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