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US Mortgage Rates Fall to 5.13% With Signs That Inflation May Have Reached a Peak

A residential neighborhood in Austin, Texas.

Photographer: Jordan Vonderhaar/Bloomberg
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US mortgage rates declined amid signs that inflation might have reached a peak.

The average for a 30-year loan dropped to 5.13% from 5.22% last week, Freddie Mac said Thursday in a statementBloomberg Terminal.