Historic Drop in Mortgage Rates

November 18, 2022 Kyle G. Horst

“The historic drop in mortgage rates is a tick in the ‘good news’ box for the housing market, as lower rates deliver an immediate win for prospective buyers’ pocketbooks,” said Taylor Marr, Redfin’s Deputy Chief Economist.

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One-Third of Borrowers Accept First Mortgage Offer
One-Third of Borrowers Accept First Mortgage Offer

Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.

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