Mortgage Market Disruptions Short-Lived According To NAR
Posted In: Mortgage and Real Estate
Lawrence Yun, senior economist for NAR said that unusual disruptions are dampening the outlook for home sales, notably for August and September. "There's been an unusual hit to home sales, starting in March when subprime problems emerged and more recently when problems spread to jumbo loans, with many potential buyers on the sidelines.
"However, the jumbo loan market is now beginning to settle, and..."
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