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US home buying reacts as rates hit a 13-year high

Updated: Feb 6, 2023



As US #mortgage #interestRates spiral up to 7% is can buyers expect a slowing in the #housing market as buyers are wary of being locked into such enormous mortgage deals.


With the US MBA 30-Yr mortgage rate reaching a 13-year high, non-cash buyers in the market can certainly expect to see much more supply in the market as buyers reconsider.


What will be certain as an outcome is that the all-cash offer for many #investors will become a strong leverage point with sellers. #realEstate #investing #invest #indigo1


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