U.S. mortgage rates dropped below 7 percent for the first time since August, according to released Thursday by Freddie Mac. Mortgage rates have been falling steadily for the past seven weeks as inflation has eased, and the latest dip follows signs from the Fed on Wednesday that interest rates could . “Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” said Sam Khater, Freddie Mac’s chief economist, in a statement. The average 30-year fixed-rate mortgage…
