What subsequent for mortgage charges, dwelling costs in 2022

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Housing market: What subsequent for mortgage charges, dwelling costs in 2022

  • A considerable share of homebuyers received’t transfer to locations the place legal guidelines battle with their beliefs.
  • 30-year mortgage charges might rise from 3% to three.6% by the tip of 2022.
  • A typical house owner might achieve one other $15,000 in housing wealth.

What was essentially the most overused phrase for the U.S. housing market in 2021? 

Scorching.

How else might you describe a 12 months when the surge in dwelling costs reached 18% year-over-year in October, the best recorded improve within the 45-year historical past of CoreLogic’s dwelling worth index? And this 12 months can also be on monitor to turn into the primary time that whole residential housing transactions exceed $2 trillion, in response to CoreLogic. 

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