Alternative Investment Posts
Homebuyers are freaking out about rising mortgage rates. But maybe they should be celebrating.
Since the close of 2021, the rate on the 30-year home loan spiked higher at a rate never before seen in a four-month span, surging from 3.1% to 5.25% at April’s end. It’s 5.10% as we write. For prospective home buyers who have spent the last couple years chasing rising housing prices amidst tight inventory, the mortgage rate surge likely feels very frustrating.
While the 30-year mortgage rate is stil
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