✉news BusinessPersonal Finance first seen 3 d ago, last 2 d ago, peak #2
7.4% Mortgage Rates Give US Buyers New Leverage
Original: How 7.4% Mortgages Are Giving Buyers Leverage in a Stuck Housing Market
High mortgage rates around 7.4% are slowing the US housing market, and buyers are using that to their advantage. With homes sitting longer and demand cooling, buyers are negotiating price cuts, closing-cost credits and repairs that sellers would have resisted during the pandemic boom. The Wall Street Journal reports that the frozen market, where owners hesitate to give up low locked-in rates, is shifting bargaining power toward those still willing to purchase.
Why now: Elevated mortgage rates are reshaping negotiations in a stalled housing market, prompting fresh debate about buyer leverage.
Wall Street JournalUS housing market
Evidence
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