Housing Beat: Mortgage Rates Break 4% Barrier; New Peak For Median Home Sales Price; Vacation Homes Lose Appeal

Benzinga, Mar. 17, 2022–Phil Hall
“Rates are now roughly a full percentage point higher than a year ago and continue to hamper refinance activity. Refinances declined for both conventional and government loans,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.