home price increase

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Capital Economics: Expect home prices to increase as mortgage rates drop

Aug 19, 2019By

For the last two weeks Freddie Mac reported 30-year, fixed-rate mortgages averaging 3.6%, a three-year low. These rates, combined with tight housing inventory will lead to an increase in home prices, Capital Economics said in a report on Monday. The report predicts a 3% rise in prices for 2019.

3d rendering of a row of luxury townhouses along a street

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