Lawrence Yun Quotes
You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates. 
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Separate | Markets | Coastal | Regions | Substantial |
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We have been monitoring several markets where there could be significant stress due to the market correction. Chicago is not on that list.
- Lawrence Yun
A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).
- Lawrence Yun