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Will lower mortgage rates save California’s housing market?

  • The Federal Reserve is cautious about cutting rates due to concerns about trade wars and inflation.
  • Estimated house payments decreased by 5% on average when mortgage rates declined, contrasting with an 18% rise in payments when rates increased.
  • Lower mortgage rates have historically increased activity among house hunters, while mortgage payments can rise significantly with higher rates.
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Will lower mortgage rates save California’s housing market?

A May buyer's estimated house payment of $4,700 is off 3% in a year. Still, that burden has tripled in 10 years.

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Bias Distribution

  • 67% of the sources are Center
67% Center
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The Mercury news broke the news in San Jose, United States on Saturday, July 5, 2025.
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