A fair number of first-time home purchases were brought...

A fair number of first-time home purchases were brought forward because rates were so good, and a number of people also moved up in the market, when they were able to get a bigger mortgage at a lower rate. When rates move up, you won't get those first-time sales or the move-up factor. Is that offset by the benefits of economic expansion? In our view, not quite.

Douglas Duncan Quote About Benefits, Bigger, Brought, Economic, Fair: A Fair Number Of First...

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