Mortgage demand to hit 12-year low as high interest rates hammer borrowers

(Bloomberg) — Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy. The dream of a soft landing that would have the Bank […]

  Source: Housing Wire —  The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. […]

Mortgage rates were scarier than Freddy Krueger last week, rising to a 23-year high as some of the labor data surprised to the upside. Unfortunately, those higher mortgage rates didn’t spur inventory growth this week, […]