Housing experts revise mortgage rate forecasts for remainder of 2024
With the Fed holding benchmark rates steady, inventory shortages and elevated home prices are expected to continue./ At the beginning of the year, housing experts and homebuyers looked forward to better buying conditions — interest rates were poised to drop, a shift expected to free up inventory and cool surging home prices. Nearly halfway through 2024, the highly anticipated interest rate cuts have yet to happen, home prices are still growing, and affordability remains a challenge./ "We all expected that at this point in the year, we would ...
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