Housing Forecast: Lower Prices And Less New Construction - 1breakingnews.com

1BN-General 2022-10-16

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On the owned property side, higher mortgage rates pack a very strong punch to the gut of prospective homebuyers. The recent 6.70% mortgage rate pushes monthly payments 54% higher than the 2021 average mortgage rate of 2.96% on the same loan amount. But ...

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