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January 24, 2025

Average rate on 30-year mortgage slips below 7%

By ALEX VEIGA
AP Business Writer

The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row.

The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%.


 
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