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Mortgage rates continue to trend down, but affordability remains a pipe dream: Freddie Mac

By: Rates for 30-year mortgages dropped again, but homes remain unaffordable in most areas.  (iStock) Mortgage rates dropped to 6.63% this week, according to Freddie Mac’s Primary Mortgage Market Survey. Rates for 30-years fixed-rate mortgages were 6.69% last week, dropping by 0.06 percentage points. Rates for 15-year mortgages also dropped slightly from 5.96% last week…

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Fed meeting live updates: Fed says it needs ‘greater confidence’ that inflation is falling toward goal

By 1 Hour Ago’We don’t have a growth mandate,’ Powell saysThe Federal Reserve isn’t concerned that the economy is too strong right now, Chair Jerome Powell told CNBC’s Jeff Cox.”We’ve had inflation come down without a slow economy and without important increases in unemployment. There’s no reason why we should want to get in the…

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