NEW YORK, June 18 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages dropped 0.21 percentage point in the latest week, retreating sharply from a seven-month high. Freddie Mac, the home funding company, said on Thursday its survey showed interest rates on the 30-year fixed-rate mortgage averaged 5.38 percent, with an average 0.7 point, for the week ending June 18. That was down from .
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