July Pending Home Sales At A Record Low...
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But with the 30-year mortgage rate in August dropping from 6.75% to 6.35% will there be a significant uptick in this metric when the data for this month is released?
In other words, will the drop in mortgage rates to the low 6% range be enough to pull on-the-fence homebuyers into the market?
Anecdotally more transactions are crossing our desk, so the answer to that question is hopefully, YES!
So you're lucky enough to have found the New York home of your dreams?
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