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Mortgage rates fall to record lows for the 11th time this year, but new challenges for first-time buyers remain – MarketWatch

Home price gains continue to outpace wage growth, and low interest rates aren’t helping a whole lot.



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Mortgage rates continue to trend downward as the realities
of the coronavirus pandemic and uncertainty surrounding the upcoming
presidential election put pressures on the market.The 30-year fixed-rate mortgage averaged 2.8% for the week ending Oct. 22, falling one basis point from the record low set just the week prior, Freddie Mac FMCC
  reported Thursday. The new record low stands nearly a full percentage point below where rates were a year ago. During this same time in 2019, these loans…

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