Mortgage rates drop, offering relief to homeowners, but potential buyers face high prices and competition.
Mortgage rates are dropping, offering relief to homeowners, but potential homebuyers may still face high prices and a competitive market. Despite the decrease in mortgage rates, the housing market's resurgence remains uncertain, as affordability and market conditions persist. This report indicates that while mortgage rates are decreasing, it is unclear if this development is enough to stimulate the housing market.
August 12, 2024
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