Yield Shock! Mortgage Rates Cross 5%

"Homebuyer demand has remained positive and shaken off the higher rate environment so far this year," said Sam Khater, chief economist at Freddie Mac. "However, after years of very low mortgage rates, the symbolic risk of a 5 percent mortgage, on top of higher gas prices, may cause a slowdown in homebuyer demand, particularly in western states and exurbs that are affected more by gas prices than the typical consumer."

 

https://www.cnbc.com/2018/05/15/mortgage-rates-are-surging-to-the-highest-level-in-7-years.html

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