Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’

Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’

Refusing to let a good opportunity pass them by, a wave of homebuyers pulled the trigger this week as mortgage rates slipped closer and closer to the 6% mark.

“Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment,” writes Sam Khater, chief economist at housing giant Freddie…

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