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The average rate on a 30-year mortgage in the US slips to 6.78%
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FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. - photo by AP Photo/Gene J. Puskar, File
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.4%.