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Mortgage rates retreat, but housing supply crunch won't let up

Mortgage rates retreat, but housing supply crunch won't let up

“The economy and consumer sentiment remain very robust and that will sustain purchase demand, particularly in affordable markets and neighborhoods,” Freddie Chief Economist Sam Khater said Thursday. But for many buyers, home affordability isn’t the issue — availability is. When there aren’t enough homes to buy, prices go up and buyers drop out.

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