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More older people are still paying off mortgages

Nov 30, 2023
New data from Harvard’s Joint Center for Housing Studies shows that a growing number of people in their 60s, 70s and 80s still have mortgage debt, and they’re carrying more of it than than previous generations did.
In 1989, just 3% of homeowners over 80 still had a mortgage. Now, nearly a third do.
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Mortgage rates fell slightly. Is that good for homebuyers?

Nov 17, 2022
Mortgage rates fell slightly last week, according the Mortgage Bankers Association. But even if rates keep falling, people will still struggle to afford homes.
Descending mortgage rates could move more people into the housing market.
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Mortgage rates fall as investors take shelter in bonds

Mar 9, 2022
But analysts say the dip is likely to be temporary.
After easing last week, mortgage rates may not stay down for long with the Federal Reserve set to raise interest rates this month.
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