Lower rates have given homebuyers more purchasing power – Redfin
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Redfin stated that buyers can now afford more expensive homes due to a drop in mortgage rates, compared to October’s rates of nearly 8%. A new report from real estate brokerage Redfin suggests that homebuyers with a $3,000 monthly budget have gained nearly $40,000 in purchasing power since mortgage rates peaked in fall 2018. A […]