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Mortgage Rates Rise Above Seven Percent

November 10, 2022 by Al and Patti Iverson

November 10, 2022
As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Home sales have declined significantly and, as we approach year-end, they are not expected to improve.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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The Iverson Realty Group

Coldwell Banker Realty
17305 Cedar Ave S, Ste 100
Lakeville, MN 55044

Realtor & Housing

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