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U.S. mortgage rates have hit a six-month low, with the thirty-year fixed rate at 6.23%, down from 6.3% last week and 6.81% a year ago. This drop aligns with lower yields on ten-year Treasury bonds. While lower rates boost homebuying potential, sky-high home prices remain a barrier for many, with some states seeing over a third of income spent on housing. Experts warn rates may stay volatile through spring, depending on global energy markets and inflation. A WalletHub report shows home costs rising faster than inflation, potentially locking out many Americans.
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California News Today | 2 Min News | The Daily News Now!

California News Today | 2 Min News | The Daily News Now!

California News Today | 2 Min News | The Daily News Now!