FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET
Will Springer Realtor
OCTOBER 11, 2022
The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. in 2023 for single-family homes. This year’s housing slowdown intensified in the summer, with existing single-family home sales off 20% in the U.S.
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