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Property News for 25 March 2022
Mortgage rate soars closer to 5% in its second huge jump this week
CNBC - 25 Mar 2022 21:55
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily.
Pending home sales sink in February, setting a grim tone as housing market enters key spring season
CNBC - 25 Mar 2022 17:31
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.
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