【CNBC】Mortgage rates drop to the 5% range for the first time since September

• The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, Mortgage News Daily said.
• The rate started this week at 6.21% and fell sharply Wednesday after the Federal Reserve Chairman Jerome Powell said inflation “has eased somewhat but remains elevated.”
• For someone buying a $400,000 home today with a 20% down payment, the monthly payment is $293 less than it would have been in October.

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