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Houses likely will cost less in 2023, but it might not be a good time to buy

Por: WPTV Nation October 25, 2022

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Despite housing prices expected to drop in 2023, it will become more expensive to purchase a home.According to a new projection from Freddie Mac, the for-sale cost of a home is expected to drop .2% in 2023. Meanwhile, the average 30-year fixed-rate mortgage is expected to increase to 6.4%.A 30-year fixed-rate mortgage currently averages around 5.4%.The increase could result in a $200,000 home costing about $23,000 more throughout a 30-year... + full article



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