
The fallout from rising mortgage rates
HousingWire Daily
00:00
What's Going to Happen in the Mortgage Market?
Mortgage rates have shot up by 30 basis points in just a few days. Mortgage companies are struggling to make ends meet as interest rates continue to rise. The purchase market was supposed to be the saviour this year, but now it's not looking so good. But if inflation continues to go up, home prices will probably come down at some point.
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