Buyers are getting cold feet as mortgage rates exceed 7%: Redfin
Housing Wire
SEPTEMBER 15, 2023
of homes that went under contract that month, according to a new report from Redfin. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.
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