Mortgage Rates Surge, Homeownership Stalls | Dallas News
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Mortgage Rates Surge, Homeownership Stalls | Dallas News
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Mortgage rates are soaring to six point nine five percent — the highest in years — squeezing buyers and sellers alike as inflation, global uncertainty, and Fed rate hikes collide. With home sales hitting a one-year low and prices stubbornly high, even well-paid buyers are getting outbid by cash offers and forced to skip inspections. Sellers face longer listing times and must lower prices or pull off the market. The dream of homeownership feels further out of reach — and experts say relief won’t come soon.
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Sources:
https://www.cbsnews.com/texas/news/mortgage-rates-near-7-percent-homebuyers/
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