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Conor Sen: Lower Mortgage Rates Won’t Make Homes More Affordable
The housing market is so tight, any relief on borrowing costs will just drive up prices, providing little help to buyers. Homebuyers can't catch a break. Sharply higher mortgage rates made houses more expensive and weakened demand without doing much to lower prices in most of the US. The supply of existing homes shrunk as owners hung on to
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Posted: April 25, 2023 Tuesday 06:00 AM