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The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
President Trump argues that the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.
Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.
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