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Kiplinger
Kiplinger
Business
Jamie Feldman

Homebuyers Don’t Want To Keep Waiting For Mortgage Rates To Fall, Study Finds

Bank of America Kiplinger Mark Zandi
Block house with a dollar sign inside.

Sky high mortgage rates might be scaring off fewer potential homebuyers than usual in recent months, according to a new report from Bank of America.

The bank, whose products include home loans, surveyed 500 homeowners and 500 renters and found that fewer of them (62%) are willing to hold off purchasing a home until mortgage rates and prices fall than there were just six months ago (85%).

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