Real estate expert advises to buy because of 7% mortgage

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If you're in the market to buy a new home in the Twin Cities, there are a couple of things working in your favor these days. The unusually tight housing market appears to be easing a bit AND home mortgage rates have fallen below seven percent. George Karvel (KAR VELL), is a professor of real estate at the University of St. Thomas. He says it's a great time to buy a home.

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