Average 30-year fixed home loan rates have hit a nine-month high of 6.53%, establishing 6% as the new normal for the foreseeable future. Real estate and fintech professionals must adjust consumer affordability models to account for significant losses in purchasing power compared to previous years. Buyers are encouraged to utilize tactical negotiations like rate buydowns to offset high interest costs before market competition intensifies further.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
