Here's Where the Housing Market Is Headed in June

Since the start of the year, the U.S. housing market has been very tough to navigate. As we go into June, here are some of the things buyers, sellers, and investors should expect.

Mortgage rates have climbed substantially since the start of the year. And there are a couple of reasons for that.

First, lenders slashed rates when the COVID-19 outbreak hit and economic conditions quickly soured. As such, mortgage rates sat at record lows during much of 2020 and remained very low throughout 2021. At some point, though, rates were apt to start rising again -- and it happened to occur early this year.

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Source Fool.com