The 10 housing markets which are set to become affordable as mortgage rates drop

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The 10 housing markets which are set to become affordable as mortgage rates drop

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Mortgage rates are on the decline, which could mean some housing markets are set to become much more affordable. New analysis from Realtor.com has revealed the metro areas where affordability for the average earner will improve the most if mortgage rates drop below a certain level. The average 30-year fixed rate mortgage has fallen to 6.46 percent, as of latest Freddie Mac data from August 22. But experts say it could dip further to 6.
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