In April, all-cash home purchases reached their highest level in nearly a decade. A new report from Redfin reveals elevated mortgage rates driving down overall home sales more than all-cash sales.
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Home Sellers Hesitant to Take on New Mortgages
A new survey from Realtor.com revealed an estimated 82% of home sellers feel 'locked in’ to their current home, as buying a new home could potentially mean buying into a higher mortgage rate.
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