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Saturday, November 17, 2018

Ventura County Mortgage Rates Take a Breather from Hikes #TimeToBuy #HyperLocal #ChrisBJohnsonRealtor

Ventura County Mortgage Rates Take a Breather from Hikes #TimeToBuy #ChrisBJohnsonRealtor #HyperLocal: Mortgage rates mostly held stable this week, a welcome relief to home buyers.“Despite recent market volatility, mortgage rates remained steady this week

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ortgage rates mostly held stable this week, a welcome relief to home buyers.
“Despite recent market volatility, mortgage rates remained steady this week,” says Sam Khater, Freddie Mac’s chief economist. “The stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to the lower oil prices and subdued wage growth. On the margin, lower energy costs are a positive for the home sales market, particularly for lower-middle income suburban buyers who spend proportionately more income on transportation costs.”
Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 15:
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