Will Rising Mortgage Rates Undermine a Market Recovery Ahead of the Spring Buying Season?

Mortgage interest rates climbed to 6.73% for a 30-year fixed-rate mortgage during the week ending March 9, a tough blow for prospective buyers hoping for an improvement in affordability after a series of rate hikes at the close of 2022. The most recent uptick means that today’s homebuyers will have to pay almost 50% more
Read More