As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market
Publishing timestamp: 2024-04-29 15:28:13
Summary
The 30-year fixed rate mortgage rose to 7.17% for the week ended April 25, causing concern for buyers and sellers in the housing market. Experts predict rates will continue to fluctuate, with the first rate cut possibly in July. Despite the high rates, some buyers are adjusting and sales are expected to increase towards the end of May and early June.
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Keywords: investment strategy, economic events, business news, breaking news: investing, united states, zillow group inc, mortgages, housing, personal finance, interest rates, real estate,
Source: https://www.cnbc.com/2024/04/29/how-mortgage-rates-have-influenced-the-spring-housing-market.html