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Will plunging mortgage rates spark a new homebuying rush?

Location
Seattle, Portland, San Francisco
Publish Date
2022/12/09

Mortgage rates > 2X in 2022, going over 7% threshold and hitting a 20-Yr high in late Oct.Yet, mortgage rates ↓ for the 2nd week in a row, with the 30-Yr fixed-rate mortgage averaging 6.58% in the week ending Nov 2. So is this enough of a break to bring out more homebuyers?

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