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Tuesday, September 27, 2022

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US Mortgage Rates Fall to 5.13% With Signs That Inflation May Have Reached a Peak

“Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year,” said Sam Khater, Freddie Mac’s chief economist. “Over the rest of the year, purchase demand likely will continue to drag, supply will modestly increase, and home-price growth will decelerate.”

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