✉news BusinessReal Estate first seen 4 h ago, last 45 min ago, peak #10
Mortgage Rates Hit Three-Year High as Economists Predict Market Slowdown
Original: Mortgage Rates Hit 3-Year High; Economists Foresee Stalling Market
US mortgage rates have climbed to their highest level in three years, and economists are warning that the housing market could stall as borrowing costs rise. Higher rates mean larger monthly payments for buyers, which is expected to cool demand for home purchases and slow refinancing activity. Commentators are watching closely for signs of a broader cooling in the property market.
Why now: Rising mortgage rates directly affect home affordability, so buyers, sellers and analysts are reacting to signs the housing market may slow.
US housing marketmortgage lendersFederal Reserve
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