Housing market challenges aren’t over yet, Barbara Corcoran warns

by Richelle Hammiel

Mortgage rates have inched downward, with the 30-year fixed rate falling down "by a fraction of a point to 6.96 percent," Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcoran believes the minimal drop is not enough to spur major market challenges. 

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