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Heres what thismeans for buyers and sellers in the coming year.
In fact, they may end up paying more.
However, there are a couple of factors that may help buyers in the coming year.
We expect to see an uptick in sellers that will push inventory up by 11.7%, she said.
Are 6% Mortgage Rates the New Norm?
My current expectation is that we will eventually see mortgage rates settle in the high 5% range.
Hale noted that since 2022, mortgage rates have spanned a roughly 6% to 8% range.
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