30-Year Mortgage Rate Dropped Again, Further Boosting Prices

Housing Prices Growth Is Close To A Top

Nevertheless, even if mortgage rates remain low, housing prices growth is likely to slow this summer due to unfavourable base effects and a likely rebound in inventory. Yesterday, Bill McBride noted that “existing home inventory might have bottomed in March“.

Lastly, President Joe Biden extended the foreclosure moratorium and mortgage forbearance through the end of June, which limited inventory and downward prices pressure. Therefore, the normalization is also expected to cap housing prices growth from July 2021.

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Disclaimer: Mr. Christophe Barraud could not be held responsible for the investment decisions or possible capital losses of users. Mr. Christophe Barraud endeavors to provide the most accurate ...

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