7.4% mortgages squeeze buyers as sellers cut prices
Thirty-year fixed mortgage rates rose to 7.4%, the highest since November 2023, as higher borrowing costs and constrained demand push some sellers to trim asking prices or offer concessions.
Thirty-year fixed mortgage rates rose to 7.4%, the highest since November 2023, as higher borrowing costs and constrained demand push some sellers to trim asking prices or offer concessions.