“The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move,” said Sam Khater, Freddie Mac’s chief economist.
Corporate clients that tapped the brakes on stock and bond sales as the Federal Reserve boosted interest rates are returning to the market.
“We are close, but we are still not quite there,” said Federal Reserve Bank of Kansas City President Jeffrey Schmid.
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