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Mortgage Uncertainty Grows as Elections Affect Rates Amid Economic Shifts

1 day ago

Mortgage Uncertainty Grows as Elections Affect Rates Amid Economic Shifts
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7 Highlights

  • Mortgage rates stay at 7%, unlikely below 6% in 2024, affecting affordability.
  • High mortgage rates worsen low housing inventory, troubling buyers.
    • Fed hints slow rate cuts; policy uncertainty keeps rates high.
    • Strong economic data and inflation drive up mortgage rates.
    • Experts advise better credit and bigger down payments for buyers.
    • Volatility and politics signal continued high mortgage rates.
    • Homebuyers face uncertainty despite predictions of possible rate drops.
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