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Mortgage rates fell to 4.75% last week, down from 4.8% for the average 30-year fixed-rate two weeks ago, according to the Mortgage Bankers Association. Existing home sales in August hit a 6½-year high, rising by 1.7% from July, according to the National Association of Realtors. The interest rate on a fixed rate mortgage is fixed for the life of the mortgage. However, on average, 30-year fixed rate mortgages have a shorter lifespan, due to customers moving or refinancing their mortgages. The rule of thumb used to be that homeowners stayed in their homes an average of seven years. In other words, rising interest rates could cause home sellers to drop their prices to attract buyers. That’s something of a silver lining for buyers who are worried about being able to meet a seller’s price. If rising interest rates help home prices stabilize, more renters could decide to make the switch to owning.
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This Free Currency Exchange Rates Calculator helps you convert US Dollar to Indian Rupee from any amount. Find today's best USD to INR LIVE rates for sending money from USA to India. Check out the best US Dollar to Indian Rupees exchange rates by most popular money transfer services. Indian Rupee - data, forecasts, historical chart - was last updated on March of 2020. Historically, the Indian Rupee reached an all time high of 74.58 in March of 2020. The Indian Rupee is expected to trade at 74.62 by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
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