David Lereah Quotes
We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing. 
Tweet
Minor | Slowing | Sales | Interest | Rates |
comments powered by Disqus
With 30-year fixed mortgage interest rates a little under 7.0 percent, and expected to stay near this level for the balance of the year, we project existing-home sales to nearly match last year's performance.
- David Lereah
The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October... Of course all of the other market fundamentals remain sound, so we should only see a modest decline from record home sales this year if mortgage interest rates gradually rise.
- David Lereah