Mortgage rates drop for the first time in 2 months, but demand still falls further
Summary
Borrowing costs for home loans decreased recently for the first time in two months. Despite this reduction in rates, overall market demand continued to decline further as borrowers still faced difficulties entering the housing market.
Mortgage rates finally came down a little, but borrowers are still having trouble getting into the housing market.
Source: Read the full story at US Top News and Analysis
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