Can Lower Rates Unlock Housing Demand?

Chris Birk breaks down a bipartisan housing bill aimed at boosting supply and expanding homeownership. He notes new home sales have fallen for two straight months, while existing and pending sales rose in May as buyers adjust to affordability challenges. Birk also highlights the 30-year mortgage rate at 6.59%, saying a move closer to 6% could ease the lock-in effect and unlock demand.

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