Mortgage Rates Ease for Second Week

The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% from 6.16% last week.

Pending Home Sales Fell 5.5% in December

All four U.S. regions saw month-over-month transaction losses, NAR’s chief economist said. High mortgage rates haven’t reduced demand, thanks to more cash deals.

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