✉news BusinessReal Estate first seen 14 h ago, last 1 h ago, peak #10

Mortgage Rates Hit Three-Year High as Economies Warn of Stalling Market

Original: Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market

Mortgage rates have climbed to their highest level in three years, and economists warn the housing market could stall as borrowing costs deter buyers. Higher monthly payments are expected to cool demand, slow home sales, and put downward pressure on prices, raising concerns among prospective homeowners and industry watchers watching affordability conditions deteriorate.

Why now: Rising mortgage rates directly affect homebuyers and the broader housing market, making affordability a pressing concern.

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• Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market · RISMedia

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