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Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year

The average long-term U.S. mortgage rate has dropped to 6.67%, marking the first decrease in six weeks. Despite this slight dip, rates remain higher than last year, impacting homebuyers' purchasing power and slowing sales in July.

AP News· Aug 13, 2026 · 6:00 PM · 1 views

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The average long-term U.S. mortgage rate has dropped to 6.67%, marking the first decrease in six weeks. Despite this slight dip, rates remain higher than last year, impacting homebuyers' purchasing power and slowing sales in July.

Full story and more reels: https://newsreel.video #news #breaking #mortgage #realestate #economy

Originally reported by AP News. Read the full story →

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