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Here's how a 5% mortgage rate affect prospective homebuyers

A 5 percent rate would cause more than a quarter of today's homebuyers to slow their plans and housing affordability is starting to take a hit.
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Mortgage rates have not been at 5% since 2011. A 5% rate would cause more than a quarter of today's homebuyers to slow their plans, according to a Redfin survey.        


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