Homebuyers feel good about where mortgage rates are headed

Consumer homebuying optimism has increased due to job security and lower mortgage rates, reaching the highest level in nearly two years. The number of consumers feeling secure about their jobs rose, and many expect mortgage rates to continue dropping. However, the outlook on housing remains dim, with affordability still a concern. Home prices are expected to remain stable or increase, with little chance of significant drops. The Federal Reserve is holding interest rates steady, with potential cuts expected later in the year.

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