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Economic Report

Mortgage rates fall after Fed signals pause in interest-rate hikes. Realtors hope for busy spring housing season.

The 30-year mortgage rate is averaging at 6.39% Freddie Mac said in its latest weekly survey on Thursday.

Rates were 5.27% the same period last year, compared to 6.39% today for the 30-year.

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The numbers: Mortgage rates dipped slightly amid volatility in the banking sector and the U.S. central bank’s indication that it would pause hiking interest rates

The 30-year fixed-rate mortgage averaged 6.39% as of May 4, according to data released by Freddie Mac on Thursday. 

It’s down 4 basis points from the previous week — one basis point...