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With mortgage rates dip below 5%, experts advise not to time the market

Seattle, Portland, San Francisco
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Despite rate hikes this year, the 30-yr FMR ↓ below 5% for the first time since April. Rates as of Aug. 4: 30-yr fixed: 4.9% 15-yr fixed: 4.2% 5/1-yr adjustable: 4.2% Some homebuyers may wonder if they should wait it out and postpone their search for a few months as competition continues to decline.

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