Mortgage Rates Surge, Spring Buying Season in Jeopardy
Charleston West Virginia News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mortgage rates surge, dampening spring housing market: Thirty-year fixed rates now average 6.46%, up from 5.98% in late February, adding over $100 to monthly payments. Experts warn of a challenging spring buying season, with sales forecasts potentially missing a predicted 14% boost. Despite the market not freezing, life changes and war pressures make rate cuts unlikely, leaving homebuyers to shop smart for the best deals.
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