CNN —
Homebuying in the United States has recently slowed to a crawl, but falling mortgage rates could soon jolt it back to life.
For potential homebuyers who may have been itching to come off the sidelines, the recent drop in mortgage rates may be a double-edged sword.
Lower rates could give homebuyers more purchasing power. However, they could also lead to more intense competition for homes on the market, driving record-high home prices even higher.
“It’s one of those things where you should be careful what you wish for,” said Greg McBride,
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