https://www.cnn.com/2023/07/14/busin...ome/index.html
"Homebuyers must ‘learn to live’ with near-7% mortgage rates, says RE/MAX chairman"
Umm....
1. If you are waiting for rates to drop back down near to 2%, you will be waiting for a very long/indefinite period of time.
2. Rates in the 70's/80's/90's were close to 20%, and this when wages were lower even with inflation factored in, so 7% range is very low compared to past times.
3. People are okay with signing off and accepting credit cards and personal loans with rates upwards of 30%, but are afraid of 7% range mortgage rates?