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US Mortgage Rates Experience Significant Drop Amid Anticipated Federal Reserve Rate Cut
In a dynamic and often unpredictable housing market, recent developments have brought both relief and new questions for buyers, sellers, and investors alike. The latest reports highlight a significant one-day drop in average 30-year fixed mortgage rates, marking the lowest levels seen since late 2022. The rate decreased to approximately 6.13% amid widespread expectations of an imminent rate cut by the Federal Reserve, signaling a potential shift in economic policies impacting the housing market.