June 12, 2023 – Thirty-year mortgage rates have soared back to over 7%, levels unseen in the past 10-20 years. Coupled with persistently low inventory, these conditions are placing significant pressure on potential homebuyers, challenging their ability to purchase or find affordable homes. In today's Lifetime Planning segment, we'll discuss whether now is an opportune time to buy, what factors are crucial to consider, and how these elements align with our outlook on rates, home prices, potential recession, and much more.
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