US Mortgage Rates Decrease as Fed Rate-Cut Expectations Mount
Homebuyers are starting to see slight signs of relief. Mortgage rates have eased in recent weeks from around 7%, where it hovered in April and May.
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Mortgage rates in the US dropped for the fifth time in six weeks.
The average for a 30-year, fixed loan was 6.89%, down from 6.95% last week, Freddie Mac said in a statement Thursday.