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Benzinga
Benzinga
Business
Snigdha Gairola

Warren Buffett Once Called Mortgages A 'Terrific Deal' — Now Zillow Analyst Says Even 0% Rates Can't Make Homes Affordable In America

Buffett Zillow Berkshire Hathaway Inc Nasdaq
Female,Real,Estate,Broker,Presenting,And,Advised,To,Model,Home

Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) and Zillow Group Inc. (NASDAQ:Z) have expressed concerns that mortgage rates are unlikely to decrease enough to make homes affordable for the average American.

What Happened: Despite a slight decrease, the current 30-year fixed mortgage rate stands at 6.75%, as reported by Fortune. Economists and real estate groups are not optimistic about a significant change in this figure in the near future.

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