✉news BusinessReal Estate first seen 1 d ago, last 1 h ago, peak #1
Mortgage Rates Hit Three-Year High, Cooling Housing Market
Original: Highest Mortgage Rates in 3 Years Chills the Housing Market
Mortgage rates have climbed to their highest level in three years, according to a report by The New York Times, and the rise is slowing the housing market. Higher borrowing costs are making home purchases more expensive for buyers, dampening demand and chilling sales activity across the market as homeowners and prospective purchasers reassess their plans.
Why now: Rising mortgage rates directly affect housing affordability, a major concern for buyers, homeowners and the broader economy.
The New York TimesUS housing market
Evidence
- Highest Mortgage Rates in 3 Years Chills the Housing Market · The New York Times
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