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Mortgage Rates Fall for Third Week, Bringing Some Homeseekers Back
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Mortgage Rates and Home Prices
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Mortgage rates in the US have fallen for three consecutive weeks, reaching the lowest level since mid-September. The decrease in rates is attributed to mixed data and higher down payment by homebuyers. However, today's rates are unlikely to attract many buyers back into the market.
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How are limited inventory and high borrowing costs impacting the housing market?
What factors contribute to the expectation of continued mortgage rate drops?
What measures can be taken to address the issue of limited inventory?
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