With low inventory, house hunters are in full safari mode
Housing Wire
JULY 6, 2023
trillion in mortgage originations in 2021. Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary.
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