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“Although increased home prices might seem like a deterrent, the drop in mortgage interest rates over the past three months means that housing affordability is the best it’s been in a year,” Columbus.

Mortgage rates typically, but not always. Ramírez is a journalism graduate of University of Texas at Arlington. She previously covered hard issues such as homelessness and domestic violence..

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The real estate boss’s comments come as the Reserve Bank announced it will cut the Official Cash Rate from 1.50% to. following this announcement, with mortgage brokers generally best placed to.

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The Fed’s rate cut unwound some of the credit tightening from last year, when rates were raised four times. Freddie Mac.

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