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Freddie Mac's latest report shows a modest decline in 30-year fixed-rate mortgages to 7.18%, though they remain well above the 7% threshold.
As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.
Total mortgage originations will remain flat for remainder of the year
Freddie Mac says 30-year-fixed rate at 7.09%
Victory comes after a previous trial ended in a hung jury.
Affordability concerns grow as robust economy drives rates closer to 7%.
