Homebuyers Pausing Purchases as Rates Continue to Climb

Homebuyers and owners looking to refinance pushed the pause button again this week as rates soared over 7%, a move economists attribute to ongoing economic uncertainty and geopolitical forces, namely the continuing conflict in the Middle East.  The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and…
The post Homebuyers Pausing Purchases as Rates Continue to Climb appeared first on RISMedia.