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August 29, 2025

Mortgage rate slips to 10-month low

NEW YORK (AP) — The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it's been in recent weeks.

The long-term rate eased to 6.56% from 6.58% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.35%.


 
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