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ortgage rates have hit a new 2025 low, with applications on the rise. In an exclusive interview, Douglas Elliman associate broker Noble Black shared his insights on the US housing market with Madison Mills on Wealth. According to Black, the national market is poised for strength over the next 12-18 months, driven by current activity and potentially lower mortgage rates. If rates continue to drop significantly, he predicts a surge in new buyers entering the market.