Record Low Mortgage Rates Are Now a Major Problem for Homebuyers. Here’s Why

October 30, 2024

CNET, Oct. 30, 2024-Mike De Socio
Too many homeowners have affordable mortgages that are worth keeping, which is a problem for the housing market.

Besides high mortgage rates and steep home prices, the lack of existing homes for sale is keeping new buyers on standby. In a recent CNET Money survey, 13% of US adults said having access to more inventory would help them consider homebuying.

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