Mortgage Rates Are Falling, so Why Are Home Prices Still Rising?

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Mortgage Rates Are Falling, so Why Are Home Prices Still Rising?

Mortgage rates spiked in late October to a 20-year high of 7.08% for a 30-year fixed-rate loan before falling to an average of 6.49% for the week ending Dec. 1, but that slight boost in affordability isn’t enough to lure buyers back into the for-sale market. Even without a boost in demand, home prices are
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