Elevated Mortgage Rates Continue to Handcuff the Housing Market

May 19, 2023 Demetria Lester

"Although a lot of homebuyers have acclimated to rates in the 6% range and many are finding ways to lower their monthly payments, like using a 2-1 buydown, high rates are handcuffing potential sellers,” said Redfin Deputy Chief Economist Taylor Marr.

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