U.S. mortgage rates tick down

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U.S. mortgage rates rose fell slightly last week remaining in the historically low range, according to Freddie Mac. The 30-year fixed mortgage averaged 3.43 percent for the week ending Aug. 18, down from 3.45 percent the previous week. A year ago, mortgage rates stood at 3.93 percent. Favorable rates should continue to propel U.S. home sales. For eight consecutive weeks mortgage rates have ranged between 3.41 and 3.48 percent,“ said Sean Becketti, chief economist at Freddie Mac. "Inflation is…