How 7% mortgage rates will change housing for a decade by Mike Simonsen for HousingWire
HousingWireHousingWire Heading into the 2025 housing market, we haven’t had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data, as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. In the last…
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