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This quote is just one of 9 total Lawrence Yun quotes in our collection. Lawrence Yun is known for saying 'The housing market just refuses to stop.' as well as some of the following quotes.
Home-buying is not a snap decision -- people mentally prepare for it and search for homes, and this is a three-to-four-month process. Plus, even with the rise in mortgage rates, they're still below last year's figure and still close to 45-year lows.
The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth.
A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).
This quote is just one of 9 total Lawrence Yun quotes in our collection. Lawrence Yun is known for saying 'The housing market just refuses to stop.' as well as some of the following quotes.