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Mortgage Market News September 2023

Several factors may be at play that indicate that mortgage rates and the real estate market may finally stabilize.

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Time To Lock-in Your Rate?

On November 17th, rates fell the largest amount in 41 years. From the 7% rate offered at the beginning of November, rates dropped to 6.5%.

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Interest Rates and Real Estate Lake Tahoe

Freddie Mac’s report that rates had dropped was great news a week ago. The June jobs report and inflation at 8.6% means rates will continue to rise.

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