✉news BusinessPersonal Finance first seen 20 h ago, last 17 h ago, peak #28
US home prices climbed in August before mortgage rates jumped
Original: Home prices continued to climb in August before mortgage rates surged
Home prices in the United States rose again in August, according to the latest data, continuing a steady climb through the summer. The increase came just before mortgage rates surged sharply, raising questions about whether buyers will be able to keep pace with rising costs. Economists and housing watchers are weighing how higher borrowing costs could cool demand in the months ahead.
Why now: The timing of rising prices just before a sharp jump in mortgage rates has renewed debate about housing affordability and where the market is heading.
US housing marketmortgage rateshomebuyers
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