Mortgage rates decreased to 6.67% after concerns over a potential interest rate hike at the next Federal Reserve meeting eased. Rates remain elevated despite the decline, keeping many would-be buyers on the sidelines.Mortgage rates ticked higher over the past few days as the probability of a Federal Reserve rate hike increased and inflation remained stubbornly high. Rates are likely to stay in the mid-6% range for now, although they could move a little higher.

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