✉news BusinessPersonal Finance first seen 7 h ago, last 44 min ago, peak #4
How 7% Mortgages Are Upending the Home-Buyer Playbook
Original: How 7% Mortgages Are Wrecking the Home-Buyer Playbook
With 30-year mortgage rates hovering around 7%, homebuyers are rethinking long-standing strategies once taken for granted, the Wall Street Journal reports. Buyers are reportedly adjusting budgets, delaying purchases, negotiating harder, and exploring alternatives like adjustable-rate mortgages as elevated borrowing costs dramatically shrink affordability and reshape the US housing market.
Why now: Mortgage rates near 7% are squeezing affordability, forcing buyers and the housing industry to rethink how homes get purchased.
Wall Street JournalUS housing markethomebuyersmortgage lenders
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