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Mortgage Rate Optimism Hits Record High

Fannie Mae’s monthly survey found that for the first time, a greater share of consumers expects rates to fall in the next 12 months. More consumers are warming up to the idea of buying a new home, but they still want rates to go down, according to the survey. Personally, I do not expect rates to lower much and feel current 6%’ish will likely stay. The days of 3%-5% broke historical records.

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