Explosive Surge in U.S. Mortgage Rates Sends Shockwaves Through the Real Estate in 2023 – How Long Will This Challenge Last?
Surge in U.S. Mortgage Rates Hits Highest Point Since 2002 The average 30-year fixed-rate mortgage has surpassed the 7 percent mark, presenting a formidable challenge for potential homebuyers already grappling with limited housing inventory. This surge in mortgage rates, reaching a 21-year pinnacle, further complicates the affordability of homes within a market characterized by elevated … Read more