Are dwelling prices about to plummet? Internal six months, mortgage rates are doubling in percentages. In January, mortgage rates were 3 p.c and now it’s higher than 6 p.c. The unusual housing market is cooling off, with prices coming down from 5 to 10 p.c in some locations. Or no longer it is also estimated that 25 p.c of homes on the market maintain decrease their prices.
