• jimshorkey

Mortgage Rates Move Slightly: June 10, 2021


The economy is recovering remarkably fast and as pandemic restrictions continue to lift, economic growth will remain strong over the coming months. Despite the stronger economy, the housing market is experiencing a slowdown in purchase application activity due to modestly higher mortgage rates. However, it has yet to translate into weaker home price trajectory because the shortage of inventory continues to cause pricing to remain elevated.

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