The US housing market is affected by rising mortgage rates, currently at 6.89%. Experts predict a gradual decline but rates above 6.5% for 2024. Different forecasts suggest rates around 7% or potentially dropping to 6.5%. Factors like inflation, economic growth, and global events will influence future rate cuts and mortgage rate movements. Staying informed about economic trends and policy changes is crucial for making informed decisions in the housing market.
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