Meanwhile, homeowners who had previously protected themselves with lower mortgage rates are now unwilling to move or refinance at more expensive borrowing costs. This keeps inventory low in a market already suffering from a long-term housing shortage. The cost of financing a purchase and the rigidity that has gripped the market have also pushed sentiment among homebuilders to its lowest level in 10 months.
2023-10-19 12:10:07
#interest #rate #popular #mortgage #rising #highest #level
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