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Mortgage rates are steering both supply and demand in today’s costly environment, home sales picked up in January when rates were relatively low, then slacked off as they ramped back up.
Found on CNN 1 year ago
This could restrict mortgage lenders’ access to funding sources, resulting in higher rates than Treasuries would otherwise indicate, for borrowers, lending standards were already quite strict, and tighter conditions may make it more difficult for some home shoppers to secure funding. In turn, for home sellers, the time it takes to sell could increase as buyers hesitate.
Found on CNN 1 year ago
Expectations for slower economic growth or even a recession should bring inflation down and help mortgage rates decline.
Found on CNN 1 year ago
Of course, much uncertainty surrounding the state of inflation and this still-evolving banking turmoil remains.
Found on CNN 1 year ago
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