General World News

Secondary mortgage market adjusts to higher-for-longer rates 

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market.

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. They crested near 7.6% at the end of April, according to HousingWire’s Mortgage Rates Center.

And after signaling as late as this past March that it could begin details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com