Mortgage Rates Have Slowed Buyers
Mortgage rates have slowed buyers down this year. If you’ve been thinking about buying a home, mortgage rates are probably top of mind for you. They may even be why you’ve put your plans on hold for now. When rates climbed near 8% last year, some buyers found the numbers just didn’t make sense for their budget anymore. Others shifted to less expensive homes such as condos or townhomes in the suburbs. That may be the case for you too.