Mortgage Rates Tick Up Over 3 Percent, Dealing Battered Home Buyers Another Blow
Mortgage Rates Tick Up Over 3 Percent, Dealing Battered Home Buyers Another Blow
The one bright spot for home buyers in this hypercompetitive market has been record-low mortgage rates. But those rates just crossed the 3% threshold.
Clare Trapasso, provided by
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For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which dropped to unheard-of lows. Now it looks like the era of cheap loans may be coming to an end.