Why would anyone bother selling their home if they acquired the residential property with a 2.89 percent mortgage rate?
Have you seen mortgage rates these days?
Last week, they hit 7.49 percent, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).
Other gauges were higher, but this is the standard market observers watch.
Add the U.S. housing market to the pile of broken sectors by the Federal Reserve.
Like this article? Get ECN delivered to your inbox daily. Subscribe here.
Leave a Comment