U.S. mortgage rates have fallen for four consecutive weeks, reaching the lowest level since October of last year
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On Thursday, Freddie Mac stated in a statement that the average interest rate for a 30-year fixed-rate mortgage is 6.58%, down from 6.63% last week. However, Kara Ng, a senior economist at Zillow's mortgage business, believes that even if the Federal Reserve cuts interest rates, it cannot guarantee that borrowing costs for homebuyers will significantly decrease
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