Mortgage Rates Slip Again, But US Homebuyers Stay on the Sidelines
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Mortgage rates in the US have decreased for the second consecutive week, with the average 30-year fixed rate at 6.18%. Despite this, homebuyer demand remains low, with Redfin reporting the lowest number of active shoppers since April 2020. Sellers outnumber buyers significantly, and the market is expected to stay in buyer's-market territory. A modest improvement in affordability might attract buyers by 2026, but current rate declines alone are unlikely to boost housing activity.
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