It proves that economical condition of USA is improving again but - TopicsExpress

It proves that economical condition of USA is improving again but high mortgage rate is not good for real estate business. It many be cause of decrease sell of house in future. At present mortgage rage is 4.46 percent and it is too high. Frank E. Nothaft, Freddie Mac vice president and chief economist also said that “Higher mortgage rates may dampen some housing market activity but the effect will be muted by the high level of buyer affordability, and home sales should remain strong.” I can say as a expert that we have to wait few days to see the result.

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