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Fannie Mae and Freddie Mac announce they will continue to offer forbearance to qualified multifamily owners.
The Fed announced it would soon begin tapering its bond purchases. That will likely send mortgage rates higher.
However, NAR predicts rates will rise to 3.5% by mid-2022 as the Fed likely will start reducing its bond purchases soon.
Just when the housing market was starting to fall into a seasonal pattern, mortgage demand takes off.
But even with low rates, the market is seeing a noticeable slowdown—a more typical seasonal pattern, NAR notes.
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