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Mortgage rates experienced what President Trump characterized as a "big, beautiful drop" this week in his speech to Congress.

Homebuyers can breathe a small sigh of relief, as mortgage rates are declining. Freddie Mac data released Thursday showed ...

Most mortgage-market observers began the year believing rates were more likely to rise than fall, but that hasn’t panned out.

After falling every day for almost two weeks—setting a new four-month low—30-year mortgage rates have now moved a bit higher. Rates climbed for most other loan types too.

Freddie Mac says the average rate on a 30-year mortgage fell to 6.63% this week, its lowest level since mid-December.