Mortgage Rates, Ascending mortgage rates are starting to weigh on homebuyers nearly as much as low inventory,
For its report, surveyed 1,772 active homebuyers across the 22 markets it covers. Respondents hailed from all over the country. Out of those polled, 56 percent said rising rates have impacted their ability to buy a home “somewhat,” while an additional 7 percent said rates are impacting them “a lot.” When asked how rates have affected their home search, 33 percent said they’re speeding up their search before rates get too high, 20 percent said they’re slowing their search, and 1 percent have stopped looking altogether.
Strengthening Economy Lifts Mortgage Rates Signs of a stronger economy drove fixed-rate mortgages up near their highs for the year, Freddie Mac reports.
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