Buyers, take note: mortgage rates are falling, home-price growth is cooling and supply is outpacing demand

Seattle--(business wire)-- #housingmarket--house hunters got some relief this week as the daily average mortgage rate dropped to its lowest level in nearly a year after a softer-than-expected jobs report. that's according to a new report from redfin, the real estate brokerage powered by rocket. a homebuyer on a $3,000 monthly budget can afford a $458,750 home with a 6.55% mortgage rate, roughly the daily average on wednesday; that buyer has gained roughly $20,000 in purchasing power since mortgage rates hit a r.
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