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    Mortgage rates plunge to 11-month low on Fed rate cut hopes, and many lenders may quote in the high 5% range

    Mortgage rates plunge to 11-month low on Fed rate cut hopes, and many lenders may quote in the high 5% range

    The average rate on the 30-year fixed mortgage sank 16 basis points on Friday to 6.29%, according to Mortgage Daily News.

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