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Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall

November 14, 2024 by Jean Youness

November 14, 2024
After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers. Freddie Mac’s latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades.

Information provided by Freddie Mac.

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