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If mortgage rates fall to 5% the housing market could get interesting
The housing market is essentially frozen with millions of would-be home sellers sitting tight not wanting to sell and buy a new home only to get stuck with a 7-percent or higher mortgage rate. Reverse mortgage professionals while not directly impacted by home sales are closely watching their local housing market for any signs of a shift. That shift could be triggered by one event according to a recent column in Housing Wire…
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