Redfin Reports New Listings Hold Up As Mortgage Rates Soar Toward 8%
(NASDAQ: RDFN) — Mortgage rates hit their highest level in more than 20 years this week, pushing homebuyers’ monthly housing payments to all-time highs.
- (NASDAQ: RDFN) — Mortgage rates hit their highest level in more than 20 years this week, pushing homebuyers’ monthly housing payments to all-time highs.
- In addition to sky-high mortgage rates, rising home prices are cutting into buyers’ budgets.
- Why mortgage rates are rising–again: “There are several reasons why mortgage rates are still climbing,” said Redfin Economic Research Lead Chen Zhao.
- New listings rose 3% in September, and so far this fall listings haven’t declined as much from the summer as they typically do.