As such, many home owners may be more inclined to stay put, unwilling to swap out a low mortgage rate for a new mortgage that could carry a rate up to one percentage point higher or more in the coming months. Those who can't stay put may decide to keep their home and rent it out. In any case, the number of homes for-sale could continue to be low and contribute to slower home sales, housing analysts note. Low Interest rates could slow the 'Selling Activity': Low Rates Aren't Always Good for Housing, Mortgage rates are near historic lows, which is great news for home owners and buyers. They got the deal of the century, 'I don't think in 100 years anyone will be lending money at 3.5 percent. How do you walk away from a deal like that?
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