Mortgage rates for 30-year loans are around 6.2%, with daily fluctuations influenced by economic factors. Housing inventory has increased 25% compared to last year, offering more options despite a slight drop in total sales early in the year. Affordability remains a challenge, especially for first-time buyers, but creative loan structuring, seller-covered closing costs, and repairs can help. Buyers are advised to consult local lenders and realtors to find suitable loan options.
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