Pending Sales Bottom Out as Mortgage Rates Return to 7% Range

The Iran War continues to weigh heavily on the economy and the housing market, with mortgage rates returning to the 7% range as inflation remains elevated. With rates now peaked at nearly a three-year high, a new report from Redfin found that housing affordability is once again being eroded and home sales are paying the…

The post Pending Sales Bottom Out as Mortgage Rates Return to 7% Range appeared first on RISMedia.

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