Mortgage rates fall for first time in months

(The Hill) -- Mortgage rates dipped slightly last week for the first time in more than two months amid the Federal Reserve's ongoing fight with inflation, according to data released Wednesday by the Mortgage Bankers Association (MBA). MBA’s weekly survey shows the 30-year fixed-rate mortgage rate falling to 7.06 percent, down from 7.16 a week earlier, and applications decreasing for the sixth-straight week. Rates, however, remaine