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Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%

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Source: CNN
Housing-supply bill could ease affordability, but relief appears years away as rates hover near 6.5%
Photo: CNN
TL;DR

Mortgage rates sit around 6.49% for a 30-year fixed, while existing-home sales fell 2.4% in June. A bipartisan bill—the 21st Century Road to Housing Act—aims to boost supply by easing manufactured housing and funding repairs, and is set to become law automatically unless vetoed. Analysts say any meaningful relief in prices or availability will take time, though forecasts suggest rates could drift toward about 6.3% by late 2026, with prices remaining high in the near term.

Topics:businesseconomy#economy#existing-home-sales#housing-affordability#housing-bill#manufactured-homes#mortgage-rates
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  1. Mortgage rates are stuck near 6.5%. A new housing law may make buying easier – eventually  CNN
  2. Mortgage rates edge higher as US-Iran ceasefire falls apart: Mortgage and refinance interest rates today  Yahoo Finance
  3. Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers’ borrowing costs  AP News
  4. US Mortgage Rates Rise to 6.49%, Reversing Last Week’s Drop  Bloomberg.com
  5. Why aren’t mortgage rates lower?  HousingWire

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