Mortgage Rates Surge, Impacting Homebuyers & Market
Kansas City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The war with Iran is causing a surge in mortgage rates, impacting homebuyers and the job market. Despite rates being lower than last year, uncertainty is slowing mortgage applications and complicating the peak buying season. However, buyers can find leverage in a cooler market with increased inventory and negotiation power. Sellers are adjusting asks and offers, while sales remain low. For those ready to buy, its a window of opportunity before competition heats up again, but affordability remains a challenge.
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