Are dwelling prices about to plummet? Within six months, mortgage rates are doubling in percentages. In January, mortgage rates had been 3 p.c and now it’s more than 6 p.c. The brand new housing market is cooling off, with prices coming down from 5 to 10 p.c in some areas. It be additionally estimated that 25 p.c of properties in the marketplace private gash their prices.
