Freddie Mac reports the 30-year fixed mortgage rate averaged 6.72% for the week ending July 31 — down from 6.74% last week.

More homeowners decided to refinance their current mortgage, as interest rates remained fairly steady—under 7%.

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"People aren't able to buy a house because this guy is a numbskull," Trump said of Powell ahead of Wednesday's Fed policy meeting, where the central bank left its benchmark interest rate unchanged ...