This is a news story, published by Yahoo Finance, that relates primarily to Freddie Mac news.
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Fed rate cutYahoo Finance
•89% Informative
The average rate on the 30-year fixed-rate mortgage fell to 6.73% from 6.78% a week prior, Freddie Mac reported.
The data's release came a day after the Fed held interest rates steady at its July policy meeting.
Rates are lower since they peaked above 7% earlier this summer , but applications for a mortgage to purchase a home dropped 2% .
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