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An increasing number of Americans are taking advantage of low mortgage rates and lower home prices according to Fannie Mae’s June 2013 National Housing Survey. Though mortgage rates are slowly increasing, consumers are recognizing many advantages of buying a home while rates are still low. Inventory remains limited making it harder on many home-buyers. Trulia’s Chief Economist, Jed Kalko said, “people might want to buy before rates rise, but tight inventory makes it hard to find what you want fast.” More here
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