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Homebuyers' quandary: to wait or not to wait for lower mortgage rates

Shop for a home now or hold out for possibly lower mortgage rates? Thatโ€™s a question confronting many home shoppers this spring homebuying season amid widespread expectations that mortgage rates could come down once the Federal Reserve begins lowering its own short-term rate. Economists generally anticipate that the average rate on a 30-year mortgage could start declining later this year after surging to a 23-year high of nearly 8% in late October. Holding out for more attractive rates could g...
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