Reported about 3 hours ago
Lawrence Yun, chief economist of the National Association of Realtors, forecasts that mortgage rates could hit 6% by the end of the year. As the Federal Reserve considers interest rate cuts, there is potential for increased home buyer activity due to rising purchasing power from lower rates. However, the housing market faces challenges, including low housing starts and potential shortages, and home prices remain a significant obstacle for many buyers.
Source: YAHOO