US average long-term mortgage rates have dropped to 6.3%, their lowest in a year, with 30-year fixed loans falling to 6.3% and 15-year fixed loans to 5.53%. This decline follows the Federal Reserve's recent interest rate cut, though experts caution that mortgage rates may not continue to fall even with further Fed action.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/CmM2vRJ
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