Don’t Hold Your Breath for an Affordable Mortgage

Politico, Oct. 25, 2023–Victoria Guida
Plenty of would-be homeowners are staying on the sidelines as they wait for rates to return to more affordable levels — mortgage applications decreased to their lowest level since 1995, according to the Mortgage Bankers Association. But while rates are likely to drift down over the next couple of years, don’t hold your breath for 3 percent mortgages to come back.
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