US mortgage rates decline to year-low, prompting cautious buyer activity

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Source: ABC News - Breaking News, Latest News and Videos
US mortgage rates decline to year-low, prompting cautious buyer activity
Photo: ABC News - Breaking News, Latest News and Videos
TL;DR Summary

The average 30-year US mortgage rate decreased slightly to 6.3%, reaching its lowest point in about a year, influenced by Federal Reserve policies and bond market trends, with short-term rates also easing.

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