Experts see 5% mortgage rates as distant amid global pressures
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Average 30-year fixed mortgage rates have risen to around 6.5%, influenced by inflation and geopolitical tensions. Experts believe a drop to 5% is unlikely without significant changes in oil prices, inflation, and economic growth. In light of uncertain forecasts, some homebuyers are opting to lock in current rates, planning to refinance later if conditions improve.
Source: MSN The copyright of this article belongs to the original author/organization.
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