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flag Mortgage rates slightly dip to 6.81%, but remain historically high, challenging home affordability.

flag The average rate on a 30-year US mortgage has slightly decreased to 6.81%, down from 6.83% the previous week, but remains near its highest level in over two months. flag Despite this small drop, rates are still historically high, making it difficult for many Americans to afford homes. flag The Federal Reserve's efforts to combat inflation by raising interest rates have contributed to these high mortgage rates, potentially pricing out many potential homebuyers.

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