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The Independent UK
The Independent UK
National
Alex Veiga

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage Rates - (Copyright 2024 The Associated Press. All rights reserved.)

Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going.

But the same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty over the potential fallout from the Trump administration's tariffs on imports — are clouding the outlook for where mortgage rates will go from here.

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