Interest rates on a 30-year fixed mortgage soared to 7.2%. Coupled with near record high prices, it’s putting homeownership out of reach for millions.
Still, pending home sales in which contracts have been signed but the sales havent closed yet fell 4.7% over the past year, which economists attribute to higher mortgage rates.
Realtors say higher i… [+1599 chars]
Realtors say higher i… [+1599 chars]