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"Here’s one solid assumption for mortgage rates for 2024 — they’ll act like a yo-yo. Again.
To see the extremes that home loans go through, my trusty spreadsheet looked at swings in Freddie Mac’s weekly 30-year average fixed rate going back to 1972.
And over the past half-century, the average year’s highest rate was 8.4 percent vs. a 7 percent low. That translates to a typical 12-month period having a 1.4 percentage-point swing between the top and bottom mortgage rate."
Taken from www.thesandiegotribune.com
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