Mortgage Rates Skyrocket, Spring Homebuying in Jeopardy
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mortgage rates surge to six point four six percent, highest since September 2022, due to Iran war and inflation fears. Homebuyers face increased costs, with some seeing quotes jump from five point eight five to six point four nine percent. Spring sales forecasts cool as applications dip, with higher rates potentially sidelining buyers and sellers. Keep watch on Treasuries and Fed moves for homebuying market outlook.
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