![Mortgage rates drop, backing off 7%](https://cdn.newsserve.net/ONPglobe256.png)
Mortgage rates drop, backing off 7%
US mortgage rates dipped this week, backing off 7% as inflation slows ahead of the Federal Reserve’s rate decision meeting next week. The 30-year fixed-rate mortgage averaged 6.78% in the week ending July 20, down from 6.96% the week before, according to data from Freddie Mac released Thursday. A…
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