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Mortgage Rates, Home Prices, and Gasoline Prices
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US mortgage rates fall to two-month lows, with the average contract rate on a 30-year fixed-rate mortgage dropping 20 basis points to 7.41%. Home prices in Canada are predicted to decline by 10% through the first quarter of 2024, with gasoline prices falling due to seasonal factors.
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How might the decline in US mortgage rates impact the housing market and homebuyers?
How might the seasonal factors influencing gasoline prices affect the energy industry and consumer spending?
What factors are contributing to the predicted decline in home prices in Canada?
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