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Mortgage Rates May Be Influencing Home Sales

Mortgage Rates May Be Influencing Home Sales

| Nov 05, 2013 | Housing Market

Home prices in the United States are increasing at a slower rate due to higher Mortgage rates according to CoreLogic. Home prices have increased slightly, averaging approximately 0.2% growth from August to September. Prices for homes are considered high compared to last year, but as mortgage rates increase, home prices are expected to level off. Economists say that the rise in home prices and mortgage rates may be slowing home sales across the county. More here

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