Another pause in Fed interest rate cuts may disappoint homebuyers
Americans hoping for interest rates to fall will likely have to wait until the summer.
When mortgage charges spiked from 3.5% to practically 7% in 2022, the Covid-skills housing boost became once dropped at an abrupt stop. The sustained high charges occupy frozen the market, making homeownership pricier for customers and discouraging sellers from itemizing properties.
Many potential customers occupy opted to prolong shopping a dwelling till charges drop to a more toothsome stage, making the monetary commitment more cheap.
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