Home buyers seem to be getting over the shock of mortgage rates in the mid- to upper-6% range. The 30-year fixed-rate mortgage averaged 6.72% (the week ending 12/19), Freddie Mac reports. Despite the Federal Reserve’s recent rate cuts, that average has held steady. Still, existing-home sales in November were up about 6% year over year.
Full article here: Are Home Buyers Getting Used to Higher Mortgage Rates?
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