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Mortgage Rates Continue to Decrease

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Mortgage Rates Continue to Decrease

by

December 5, 2024
This week, mortgage rates decreased to their lowest level in over a month. Despite just a modest drop in rates, consumers clearly have responded as purchase demand has noticeably improved. The responsiveness of prospective homebuyers to even small changes in rates illustrates that affordability headwinds persist.

Information provided by Freddie Mac.

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