✉news BusinessReal Estate first seen 11 h ago, last 2 min ago, peak #8
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%
Home sellers are cutting prices at the highest rate in four years as US mortgage rates climb above 7%. The combination of elevated borrowing costs and growing seller discounts signals fresh strain in the housing market, with buyers pulling back and sellers forced to adjust expectations.
Why now: Mortgage rates topping 7% and record price cuts signal renewed stress in the US housing market, drawing wide attention.
US housing marketmortgage lenders
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- Price Cuts Hit Four-Year High As Mortgage Rates Top 7% · National Mortgage Professional
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