Mortgage rates slip, but 6% may be the limit

Mortgage rates dropped for the first time in three weeks but have remained in the same range for the past month.

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The 30-year fixed-rate mortgage averaged 6.09% Thursday, down two basis points from 6.11% last week, according to the Freddie Mac Primary Mortgage Market Survey. The 30-year rate was 6.87% at this time a year ago, the start of its descent from 7% to nearly…