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US MORTGAGE RATES DROP TO A 2024 LOW AS BUYERS AWAIT FED CUTS

 * Bigger declines needed to spur buyer demand, economist says
 * High prices and tight supply are keeping homes out of reach

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Residential homes in Lithonia, Georgia.

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Mortgage rates in the US resumed their downward path, dropping to a new low for
the year.

The average for a 30-year, fixed loan was 6.46%, down from 6.49% last week,
Freddie Mac said in a statement Thursday.

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