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Despite stable mortgage rates, homebuyers are increasingly hesitant as economic uncertainty and job security concerns overtake interest rates as the main factor cooling the housing market.

Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Despite relatively stable mortgage rates, homebuyer demand continued its downward trajectory last week, signaling that broader economic concerns may replace interest rates as the primary factor cooling the housing market.