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mortgage rates

A collection of 2 posts

7% mortgage rates regarded as the 'new normal' by Compass CEO

Per Business Insider The CEO of Compass, Robert Reffkin, described 7% mortgage rates as the new normal. This came in an interview with CNBC, where the CEO said that home buyers would just have to accept the new rates. Reffkin previously said that 6% was the new normal but has

Americans think mortgage rates could increase past 8% in the next 12 months

Per NY Feds Americans aren't too optimistic about the future of mortgage rates as they expect it to blow past 8% in the next 12 months. This was compared to the 11.5% in February of last year. Regarding real estate for investment or personal use, the New