The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

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The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.

President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.