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What Happens If Mortgage Rates Drop? A Metro Detroit Real Estate Perspective

If you're asking what happens if mortgage rates drop, you're not alone, and the answer matters if you're buying or selling a home in Metro Detroit. I'm Leslie E. Martin, a Realtor® serving buyers and sellers across Metro Detroit, and this is one of the most common questions I'm hearing right now. Mortgage rates influence affordability, competition, and timing, but they don't affect the housing market...

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