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Pending Home Sales Post Significant Monthly Increase in January
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Looking ahead, NAR expects a steady decline in mortgage rates with the 30-year fixed rate hitting 6.1% at the end of 2023 and 5.4% next year. Despite the improvements in affordability, existing-home sales are still expected to drop by 11.1% in 2023 before rebounding in 2024, according to NAR experts...
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