The housing market is an important component of the economy – and mortgage rates are a personal challenge for people hoping to buy homes. While rates are dropping, they remain higher than they were this time last year.
Justin Barry, a partner in the firm’s Commercial Real Estate Development & Finance and Commercial Lending Practice Groups, spoke to HousingWire about the dilemma.
“Rising interest rates and elevated mortgage rates present another homeownership hurdle for the current renter pool,” Barry said.
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