Do Rising Interest Rates Price Out Mortgage-Ready Borrowers?
Mortgage rates have increased from 3% in early 2022 to more than 7% in November 2023, more than doubling in the past year. As rates rise, the pool of homebuyers who would qualify for the current average loan decreases notably. But at what point do higher rates become too high for consumers? Learn more from a recent Freddie Mac analysis.
Source: nationalmortgagenews.com
