MarketWatch

Though they increased slightly this month, mortgage rates have fallen from the over-7% rates we saw in July, according to data from Freddie Mac. So what’s next for mortgage rates – and the housing market (hint: expect more motivated sellers).

With no big swings anticipated this month, Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors® (NAR), says, “Any improvement to affordability is good for first-time home buyers and could encourage potential home sellers with existing motivating factors to make a housing trade. If a home buyer’s finances are solid and they can move into sustainable homeownership, there is no reason to wait,” says Lautz.

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