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The mortgage rates in the United States have dropped for the third consecutive week to the lowest level since mid-May. According to Freddie Mac, the average interest rate for a 30-year fixed-rate mortgage is 6.81%, lower than last week's 6.84%. Potential home buyers have been facing high borrowing costs and rising home prices. While more sellers have been listing their homes for sale, affordability issues continue to put pressure on transactions.
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