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Current news on the housing market, including articles on home trends, home buying, home selling, and homeowner advice.

The average interest rate on a 30-year fixed-rate mortgage decreased to 3.336% today. It’s the second day in a row the 30-year rate has declined after last week’s surge.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.03% from 3.06%.

Applications for a loan to purchase a home increased 3% for the week but were 16% lower than the same week one year ago.

The red-hot U.S. housing market is giving an extra boost to the cheapest houses, including many in historically stagnant neighborhoods that have suffered from a lack of investment.

With so much uncertainty surrounding the housing market, many Americans may be afraid that buying or selling a house is too risky of a move to make. A recession isn’t great news for buyers, especially with the average family unable to afford a home in many parts of the country as it is.

https://www.msn.com/en-us/lifestyle/shopping-all/hate-organizing-your-garage-these-13-storage-solutions-might-help/ar-BB1fk1z5?li=BBnbfcL