US Home Buyers Gain Leverage as Mortgage Rates Reach 7.40%
Realtor.com says buyers are gaining leverage in the U.S. housing market, while mortgage rates rose 74 basis points from 6.66% in late August to 7.40% on Oct. 8, reducing purchasing power.
Realtor.com says buyers are gaining leverage in the U.S. housing market, while mortgage rates rose 74 basis points from 6.66% in late August to 7.40% on Oct. 8, reducing purchasing power.