Wall Street Journal - The average 30-year fixed mortgage rate dropped to a 10-month low of 6.56%, Freddie Mac said Thursday. The rate has inched down for nine of the past 12 weeks, tracking expectations that the Fed will cut its own rates next month. That means more than two million owners could now save money by refinancing, according to ICE Mortgage Technology, up from 1.7 million at the end of July.
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