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How do interest rates affect home prices and the housing market?

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How do rising interest rates impact home prices and the housing market?
The article from WGME discusses the current state of mortgage interest rates and their impact on the housing market. It highlights that mortgage rates have been fluctuating, with recent data showing a slight decrease, which could potentially stimulate home buying. The piece also touches on how these rates affect affordability, with lower rates making homeownership more accessible to a broader range of buyers. Additionally, it mentions expert opinions on the future trajectory of interest rates, suggesting that while rates may remain relatively low, potential increases could be on the horizon due to economic recovery efforts and inflation concerns. The article concludes by emphasizing the importance of monitoring these rates for anyone looking to enter the housing market.

Read the Full wgme Article at:
[ https://wgme.com/money/mortgages/interest-rates-housing ]