M
ortgage Rate Hike May Stall Homebuying Again
The housing market is bracing for a potential slowdown due to rising mortgage rates and increasing payments. This trend may deter homebuyers from making purchases.
A recent surge in interest rates has led to higher monthly costs, making it more challenging for buyers to secure financing. All-cash buyers are taking advantage of the situation, as they don't have to worry about securing a loan.
The market is closely watching how these factors will impact sales and prices.
