re: Mortgage rates fall below 7% for the first time in months

quote:

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The scramble from all of the folks sitting on the sidelines the last 8 months is about to push the modest home price decreases back up.

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My parents are retired, house paid off. They are wanting to move in the near future. Been telling them to wait. The market is going to go crazy when rates get into the mid-low 5's again, even moreso if it hits the 4's.