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Mortgage interest rates, which hit record lows in December 2020 before ticking up again this year, have been trending back down over the past several weeks. This week, mortgage interest rates fell to a low not seen since mid-February 2021, giving prospective homebuyers some additional buying power.
Single-family home and condo sales soared in June 2021, as more sellers listed their properties to capitalize on rising home values and thee fast-paced market. Prospective buyers are continuing to take advantage of historically low interest rates in anticipation of a potential rise later this year.
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