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Mortgage Rate Predictions for July and Beyond: Interest Rates Likely to Stay Higher for Longer

By: The average 30-year fixed-mortgage rate fluctuated between 6.5% and 7% throughout most of June. Experts expect more of the same in July.  Inflation is showing signs of easing, leading the Federal Reserve to pause interest rate hikes — for now. Depending on future inflation data, the Fed could likely push for additional rate increases…

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