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mortgage-rates-rise-due-to-inflation.  on October 6, 2023


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Home Buyers Press Pause as Mortgage Rates Keep Climbing - NAR.realtor

Home buyers can’t seem to catch a break in a challenging real estate market plagued by low inventory, high home prices and rising mortgage rates. This week, buyers were dealt another blow as mortgage rates surged to 7.49%, further pressing on their budgets. “Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserve’s next move, are contributing to the highest mortgage rates in a generation,” says Sam Khater, Freddie Mac’s chief economist. “Unsurprisingly, this is pulling back homebuyer demand.”

nar.realtor     Oct 06, 2023