Mortgage rates have fallen below 7 percent for the first time since early August in a welcome boost for homebuyers. The average rate on a 30-year fixed mortgage is now 6.95 percent, down from 7.03 percent last week, according to figures from Government-backed lender Freddie Mac. It marks the seventh consecutive week that home loans have dropped since late October when they reached 7.79 percent - their highest level since 2000. The last time rates were below 7 percent was on August 10 when they were hovering at 6.96 percent.
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