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Not All Home Buyers Are Spooked by Today’s Mortgage Rates. They Have 2 Outs.

Por: MarketWatch Business October 08, 2023

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Housing market metrics this year have set record after record—and not in a good way. Mortgage rates, at a recent 7.49%, have risen to their highest levels since 2000, while the median existing-home price in August was less than $7,000 short of its record high last June. Higher costs have stretched would-be buyers’ wallets: The median-priced home in the third quarter would cost the average worker 35% of his or her wages, according to an Attom... + full article



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