Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March
8 months, 1 week ago

Average rate on a 30-year mortgage drops to 6.77%, sliding to lowest level since March

Live Mint  

LOS ANGELES — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market,” said Sam Khater, Freddie Mac’s chief economist. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy and the moves in the 10-year Treasury yield, which lenders use as a guide to pricing home loans. “Home prices have hit record highs in many markets, which will keep some buyers out of the market.” The recent pullback in home loan rates did help spur a pickup in mortgage applications last week.

Market Average Fed Mortgage Rates  level  sliding  mortgage  rates  market  rate  average  loan  bond  30year  lowest  buyers  week  drops  677

History of this topic

Average US rate on a 30-year mortgage rises slightly for the second week in a row
1 week, 3 days ago

Average US rate on a 30-year mortgage rises slightly for the second week in a row

Associated Press  

Associated Press — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring homebuying season ramps up. “The 30-year fixed-rate mortgage has stayed under 7% for nine consecutive weeks, which is helpful for potential buyers and sellers alike,” said Sam Khater, …

Mortgage rates have declined but could stay at a level that makes it tough to afford a home
3 weeks, 3 days ago

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Associated Press  

LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. Mortgage rates are influenced by several factors, including bond market investors’ expectations for future inflation, global demand for U.S. Treasurys and the Federal Reserve’s interest rate policy decisions. While one could say the bond market …

Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December
1 month ago

Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going. The average rate fell 6.76% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. Sales of previously occupied U.S. homes fell in January …

Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline
1 month, 1 week ago

Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, a welcome boost for prospective homebuyers in what’s traditionally the busiest time of the year for home sales. The average rate fell to 6.85% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. Sales …

Some sub-4% mortgages will vanish from the market from Friday
1 month, 1 week ago

Some sub-4% mortgages will vanish from the market from Friday

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. David Hollingworth, …

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline
1 month, 2 weeks ago

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective home shoppers as the spring homebuying season gets underway. The average rate fell to 6.87% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage briefly fell to a 2-year …

Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
1 month, 3 weeks ago

Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts. The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage …

Interest rates fall to 4.5 per cent – will your mortgage get cheaper?
1 month, 3 weeks ago

Interest rates fall to 4.5 per cent – will your mortgage get cheaper?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. It is …

Interest rates: What does a 0.25% cut mean for your mortgage, savings and bills?
Trending News
1 month, 3 weeks ago

Interest rates: What does a 0.25% cut mean for your mortgage, savings and bills?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. UK economic …

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
2 months ago

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season. The average rate on a 30-year mortgage briefly fell to a 2-year low just above 6% last September, but has been mostly rising since …

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row
2 months, 1 week ago

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. Mortgage applications edged up last week, but have been subdued in recent weeks as the average rate on a 30-year home loan hovered around 7%, according to the Mortgage Bankers Association. Mortgage rates …

Mortgage rates have hit 7%. What should people searching for a home do?
2 months, 1 week ago

Mortgage rates have hit 7%. What should people searching for a home do?

NPR  

Mortgage rates have hit 7%. And first of all, the Fed doesn't really control mortgage rates, although it does control a lot of things. And so if you have a superior credit score, which shows that you are a good bill payer, that you're qualified to get a mortgage, then you shop around for the best rate. If you're already …

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
2 months, 2 weeks ago

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

Associated Press  

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The average rate on a 30-year mortgage is now the highest it’s been since May 9, when it was at 7.09%. Interest rates have been climbing since the Federal Reserve signaled last month that it expected …

Mortgage rates have climbed above 7%. Here's how we got here and what it means
2 months, 2 weeks ago

Mortgage rates have climbed above 7%. Here's how we got here and what it means

NPR  

Mortgage rates have climbed above 7%. Here's how we got here and what it means toggle caption Brandon Bell/Getty Images/Getty Images North America Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even after the Federal Reserve cut interest rates by a …

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
2 months, 2 weeks ago

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average long-term U.S. mortgage …

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
2 months, 3 weeks ago

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

Associated Press  

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump …

Average U.S. long-term mortgage rate inches up for fourth straight increase
2 months, 3 weeks ago

Average U.S. long-term mortgage rate inches up for fourth straight increase

LA Times  

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump …

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
2 months, 4 weeks ago

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July

Associated Press  

WASHINGTON — U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. …

Mortgage rates inch closer to 7% to close out 2024
2 months, 4 weeks ago

Mortgage rates inch closer to 7% to close out 2024

CNN  

New York CNN — Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. That’s the highest level in nearly six months and is also up from the prior week when mortgage rates averaged 6.85% versus the latest week’s average of 6.91%. The latest uptick in mortgage rates comes despite the Federal Reserve’s quarter-point interest rate cut last …

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
3 months ago

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising

Associated Press  

WASHINGTON — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. It dipped as low as 6.08% in September — a 2-year low — and as high …

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
3 months, 1 week ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

LA Times  

Though the Fed doesn’t set mortgage rates, it does influence them. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach and hold rates steady at their January meeting.” Depending on the specific proposals the Trump administration manages to enact, the Fed …

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November
3 months, 1 week ago

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

Associated Press  

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage …

Interest rates held at 4.75%: What it means for your mortgage and savings
3 months, 1 week ago

Interest rates held at 4.75%: What it means for your mortgage and savings

Daily Mail  

The Bank of England has opted to hold the base rate at its current level, meaning interest rates will finish the year at 4.75 per cent. Today's decision to hold the base rate at 4.75 per cent may seem like bad news for mortgage borrowers, many of whom will be desperate for their monthly costs to fall. Tracker rates follow …

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
3 months, 1 week ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

Associated Press  

NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach …

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
3 months, 1 week ago

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

The Hindu  

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The central bank’s policymakers may signal that they expect to reduce their key rate just two …

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
3 months, 2 weeks ago

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Associated Press  

LOS ANGELES — Home shoppers hoping for more attractive mortgage rates next year may be disappointed. Most of the eight forecasts call for the average rate on a 30-year mortgage to remain above 6% next year, with some including an upper range as high as 6.8%. “Even by the end of next year it’s hard to see sub 6% mortgage …

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline
3 months, 2 weeks ago

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage is …

Jump in average fixed mortgage rates recorded in December, says Moneyfacts
3 months, 3 weeks ago

Jump in average fixed mortgage rates recorded in December, says Moneyfacts

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Average rate on a 30-year mortgage in the U.S. falls
3 months, 3 weeks ago

Average rate on a 30-year mortgage in the U.S. falls

LA Times  

The average rate on a 30-year mortgage in the U.S. eased again last week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Mortgage interest rates to continue steady downward trend, mortgage advisor says
3 months, 3 weeks ago

Mortgage interest rates to continue steady downward trend, mortgage advisor says

NL Times  

The interest on a 10-year mortgage with National Mortgage Guarantee has dropped a full percentage point since it peaked in October 2023, De Hypotheker reported. The mortgage advisor expects the slow, but steady decline in mortgage interest rates to continue. Currently, the average mortgage interest rate for loans with a 10-year term and National Mortgage Guarantee is 3.55 percent - …

Average rate on a 30-year mortgage in the US falls to 6.69%
3 months, 3 weeks ago

Average rate on a 30-year mortgage in the US falls to 6.69%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased again this week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

A major bank just cut its mortgage rates by up to 0.39%: Will they fall further?
3 months, 3 weeks ago

A major bank just cut its mortgage rates by up to 0.39%: Will they fall further?

Daily Mail  

A major high street bank has announced it will cut mortgage rates by up to 0.39 percentage points. At present, the lowest five-year fix on offer via a major lender is a 4.14 per cent rate with Nationwide Building Society. Speaking to the Global Boardroom conference with the Financial Times, Andrew Bailey confirmed the Bank of England's central forecast of …

Average rate on a 30-year mortgage in the US slips to 6.81%
4 months ago

Average rate on a 30-year mortgage in the US slips to 6.81%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.” Mortgage rates slid to just above 6% in September following the Federal Reserve’s decision to cut its main interest rate for the …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
4 months, 1 week ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

Average rate on a 30-year mortgage in the US rises to highest level since July
4 months, 1 week ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Hindustan Times  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. Average rate on a 30-year mortgage in the US rises to highest level since July The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates increase they can add …

Average rate on a 30-year mortgage in the US rises to highest level since July
4 months, 1 week ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though U.S. home sales are on …

The average rate on a 30-year mortgage in the US slips to 6.78%
4 months, 2 weeks ago

The average rate on a 30-year mortgage in the US slips to 6.78%

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. Last week, bond yields surged on expectations that President-elect Donald Trump’s plans to lower tax rates, increase tariffs and reduce regulation could ultimately lead to higher U.S. …

Mortgage rates below 4% disappear: Why are they going up as interest rates fall?
4 months, 2 weeks ago

Mortgage rates below 4% disappear: Why are they going up as interest rates fall?

Daily Mail  

Mortgage rates continue to rise despite the Bank of England cutting interest rates last week. Going up: Mortgage rates are rising because markets now think interest rates will stay higher for longer, with inflation also forecast to remain higher than previously expected Only a couple of months ago, there were more than a dozen banks offering sub-4 per cent rates. …

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise
4 months, 3 weeks ago

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Mortgage repayments are set to fall But the Bank’s Monetary …

Average rate on a 30-year mortgage in the US rises for 6th straight week
4 months, 3 weeks ago

Average rate on a 30-year mortgage in the US rises for 6th straight week

Associated Press  

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though the housing market remains …

The Fed cuts interest rates — but Trump's election could make things trickier
4 months, 3 weeks ago

The Fed cuts interest rates — but Trump's election could make things trickier

NPR  

The Fed cuts interest rates — but Trump's election could make things trickier toggle caption Anna Moneymaker/Getty Images North America The Federal Reserve lowered interest rates by a quarter percentage point Thursday, as expected — but the central bank may grow more cautious about future rate cuts as it monitors the impact of economic policies in a second Trump administration. …

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win
4 months, 4 weeks ago

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win

LA Times  

Mortgage rates have been on the rise despite recent action from the Federal Reserve. In September, the Federal Reserve lowered its benchmark interest rate for the first time since 2020, giving hope to prospective home buyers that mortgage rates would follow suit. “They are saying ‘What’s going on?’” The fact that mortgage rates have gone up despite the cut underscores …

Mortgage Rates Continue to Rise as Economic Data Remains Strong
5 months ago

Mortgage Rates Continue to Rise as Economic Data Remains Strong

CNN  

Mortgage rates rose again this week, marking the fourth consecutive weekly increase. The average rate on a standard, 30-year fixed mortgage was 6.54% in the week ending October 24, 2023, the highest level since early August but still below this year's high of 7.22% seen in early May. Expectations of a Fed rate cut caused mortgage rates to drop to …

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts
5 months, 1 week ago

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates will almost …

Why mortgage rates have gone up, and when they might settle
5 months, 2 weeks ago

Why mortgage rates have gone up, and when they might settle

NPR  

Why mortgage rates have gone up, and when they might settle Mortgage rates have inched higher recently, after falling for several weeks. AYESHA RASCOE, HOST: You might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by half a point last month. It's because mortgage rates aren't tied to the Fed's interest rate, …

US economy exceeded expectations for job growth last month, data shows
5 months, 3 weeks ago

US economy exceeded expectations for job growth last month, data shows

Daily Mail  

The US economy far exceeded expectations for job growth last month, according to new data released Friday. The Fed's benchmark interest rate does not directly affect mortgage rates, but home loan costs tend to dip alongside rate cuts. 'Although mortgage rates have relented substantially, they bounced back somewhat this week as investors and the Fed disagree somewhat on the likely …

Fed cuts interest rates by half point for first time in years. Here’s what that means for you
6 months, 1 week ago

Fed cuts interest rates by half point for first time in years. Here’s what that means for you

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an official statement, the Fed’s Federal Open …

Will interest rate decline shake up California housing market?
6 months, 1 week ago

Will interest rate decline shake up California housing market?

LA Times  

The interest rate on a 30-year fixed mortgage has fallen from above 7% in May to the low 6% range as of last week. For many prospective homebuyers, the last two years have been brutal as high home prices and mortgage rates produced the most unaffordable housing market since the 2000s bubble. Experts attribute the recent decline in mortgage rates …

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
6 months, 2 weeks ago

Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

LA Times  

Houses and residential buildings in San Francisco. While mortgage rates have come down, the average rate on a 30-year home loan is still more than double what it was just three years ago. Homeowners with an adjustable-rate mortgage, or ARM, that’s set to adjust to a higher rate may also want to consider refinancing while rates head lower. Mortgage rates …

Housing market hopeful of mortgage rate cuts
6 months, 2 weeks ago

Housing market hopeful of mortgage rate cuts

China Daily  

A bank employee addresses customer queries on home loans in Haian, Jiangsu province, in July. XU JINGBAI/FOR CHINA DAILY China's housing market expectations for a further decline in existing mortgage rates have turned stronger, real estate industry observers said on Wednesday. Zou Lan, head of the monetary policy department of the People's Bank of China, said during a news conference …

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