In a recent development, the bond market has seen a rally resulting in a significant decrease in mortgage rates, with rates dropping below 7%. This has sparked speculation among industry experts regarding whether we have reached a peak in mortgage rates, and what implications this may have for the housing market moving forward.
Key points:
– Bond market rally leads to mortgage rates falling below 7%
– Debate arises on whether peak mortgage rates have been surpassed
– Industry experts ponder how the housing market will respond to the lowered rates
– Uncertainty looms over the future trajectory of mortgage rates and its impact on the housing market
You can read this full article at: https://www.housingwire.com/articles/what-happens-to-the-housing-market-when-mortgage-rates-finally-come-down/(subscription required)
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