'Rapid Descent': Mortgage Rates Are Shocking Experts. Is Housing Getting More Affordable?

'Rapid Descent': Mortgage Rates Are Shocking Experts. Is Housing Getting More Affordable?

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Mortgage rates are in “rapid descent” according to mortgage securities broker Freddie Mac, which means homes should become more affordable for Americans who may have been priced out of the housing market when rates hit their peak. The average rate of interest on a 30-year mortgage stood at 6.61%…

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