Lowering mortgage rates to 6% or even 5% will not resolve this.
For every additional percentage point that market mortgage rates surpass the initial interest rate, the likelihood of a sale is reduced by 18.1%.
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Lowering mortgage rates to 6% or even 5% will not resolve this.
For every additional percentage point that market mortgage rates surpass the initial interest rate, the likelihood of a sale is reduced by 18.1%.