If current rates are significantly below your existing mortgage rate, refinancing may reduce your payments.…
Magic Mortgage Rate Revives Housing: Is It Under 6%? | #CityFirstMortgage
Experts believe the “magic mortgage rate” below 5.5% is necessary to boost home selling activity.
Only 13% of homeowners would accept a rate between 6.5% and 6.99%, while 47% prefer 5.0%-5.5%.
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