The biggest drop has been seen in mortgage rates since 2008.

Mortgage rates rose sharply to 5.70% in mid-June, which is significantly higher than the previous year.

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Mortgage rates rose sharply in mid-June to a high of 5.81% but economic concerns pushed them down again.

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Sellers are being forced to compete on prices with more homes in the market.

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When the market is cold, the buyers are able to buy the house.

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Mortgage applicants declined 5.4% in July, according to the Mortgage Bankers Association.

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Buyers face a lot of difficulties in buying a home as currency inflation takes away a major part of their income.

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Mortgage rates track 10-year US Treasury bonds.

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