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Updated over 2 years ago, 04/27/2022
5% mortgage rate...affecting your local market, yet?
Have you guys seen a slow down (i.e., price cuts, a lot longer DOM) in your local market now rate is at 5%? If yes where is your local market? Most markets still have supply and demand issue, but what will happen when mortgage rate hits 7 - 8%?
Thoughts?