Home prices are likely to drop next year, but don’t expect that to solve the affordability crisis, bank exec says
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Buyers have been facing the painful one-two punch of high mortgage rates and rising home prices all year. Mortgage rates hit a two-decades high at 8% in late October, and have dropped only slightly. However, mortgage rates slipped to a two-month low last week to 7.29%, somewhat of a welcome sign…
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