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July 3, 2022

North American softwood lumber prices start to rise again

 

  • North American softwood lumber prices surged more than 7% on Thursday as mortgage rates fell for the first time in four weeks.
  • The popular 30-year fixed mortgage rate fell 11 basis points to an average of 5.70% over the past week, according to Freddie Mac.
  • A continued decline in mortgage rates could help revitalize the housing market and stimulate demand for lumber.

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