Despite a recent decline, mortgage rates are still elevated at above 7% as the market awaits the release of two significant economic reports.

Key points highlighted in the text include:
– Mortgage rates have seen a decrease in the past month, but remain high
– Rates are currently above 7%
– The market is anticipating two important economic reports

As the mortgage industry continues to navigate through fluctuating rates, experts are closely monitoring these reports for potential impacts on the market. Stay tuned for further developments in the mortgage industry as these economic reports are released.

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