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The question of the year - what the heck is going on with interest rates?!!
If you haven't heard, interest rates have been in the 7s, which is quite a dramatic change if you'd bought 2-3 years ago. Although not historically a shocking number, it's had quite an impact on the real estate market - the already sky high prices, low inventory (partly caused by the high rates!) and high demand have all made for a perfect storm and an unpredictable housing market.
We've heard some say the real estate market is in a recession all in its own right, one that no one is really talking about... but if you want to know what a few of our local mortgage lenders & bankers has to say on what to expect in the coming year and into 2024, keep reading!
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