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High interest rates haven’t dampened demand for lake houses in North Texas
WFAA writes:
“Despite higher mortgage rates, North Texans have continued to buy lake houses.
Despite elevated mortgage rates and a somewhat cloudy residential real estate picture, the market for lake homes remains hot in North Texas — sultry weather aside.
That’s partly because, while the average interest rate continues to hover near 7% for a 30-year mortgage, many lakeside buyers are paying cash for what is likely a vacation home, said Rogers Healy, a longtime North Texas broker and real estate entrepreneur.”
Read more on the original article below:
wfaa.com
High interest rates haven't dampened demand for lake houses in North Texas
Despite higher mortgage rates, North Texans have continued to buy lake houses.
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