Greg Hahn

Greg Hahn REALTORĀ® 612-280-2311

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Mortgage Rates Reach Another Record Low

December 3, 2020 by Greg Hahn

December 3, 2020
Despite persistently low mortgage rates, home sales have hit a wall. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. Unfortunately, the record low supply combined with strong demand means home prices are rapidly escalating and eroding the benefits of the low mortgage rate environment.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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