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flag U.S. long-term mortgage rates fell to 6.19%, near a year's low, due to stabilizing inflation and changed Fed outlook.

flag The average U.S. long-term mortgage rate dropped to 6.19% on Thursday, marking a near-year-low level amid signs of stabilizing inflation and shifting Federal Reserve expectations. flag This decline offers potential relief for homebuyers facing high borrowing costs, though rates remain significantly above pre-pandemic levels.

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