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flag U.S. 30-year mortgage rates fell to 6.89%, offering slight relief to homebuyers before spring.

flag The average 30-year mortgage rate in the U.S. fell to 6.89%, marking the third straight weekly decline from 6.95% the previous week, according to Freddie Mac. flag This slight drop offers some relief to prospective homebuyers ahead of the spring market. flag The rate for 15-year fixed-rate mortgages also decreased to 6.05%. flag Despite this, economists predict mortgage rates will likely remain above 6% for the year.

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