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Despite a recent decline in mortgage rates, the housing market is still nowhere near normal and volume will remain low for the foreseeable future.

Jerome powellJoel kanJohann juanLogan mohtashamiShampa bhattacharyaHousingwire mortgage rates centerMortgage bankers associationFederal reserveLead analyst logan mohtashamiConsumer price indexChairman jerome powellFitch global economic outlook