Lower mortgage rates, higher demand give hope for late 2023
Economists believe that if the mortgage rate trend continues, the market will be able to improve in the second half of 2023.
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Economists believe that if the mortgage rate trend continues, the market will be able to improve in the second half of 2023.
Could upward pressure on mortgage rates in 2023 mean continued softness in the housing market?
Where rates go depends on a number how quickly inflation fades and how the economy absorbs the Federal Reserve’s rate hikes next year.
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However, the downturn will be brief and housing will lead the way out, the government-sponsored enterprise concluded.