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Mortgage Rates Are Closing In On 7%, Signaling Risk Of House Price Declines

Por: Forbes Business October 03, 2022

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MIAMI - JUNE 23: (Photo by Joe Raedle/Getty Images)Getty Images For much of last year you could get a 30-year mortgage at around a 3% rate. Now mortgage costs are closing in on 7%. That’s a dramatic change in the affordability of U.S. housing in a short space of time. Now house prices are starting to react with recent data seeing some of the biggest drops in prices in over a decade. However, it is early days, with house prices still generally... + full article



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