• jimshorkey

Mortgage Rates Increase to Three Percent: May 20, 2021


After a run up over the first few months of the year, rates have paused and hovered around three percent since March. Despite the favorable rate climate, there remains a shortage of homes for sale. The lack of housing supply has been compounded by labor disruptions and expensive building materials that are driving up the cost of new housing, making it difficult for homebuyers to find homes to purchase.

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