For Some Homebuyers, Rising Mortgage Rates Could be a Silver Lining

CBS News, May 12, 2022–Khristopher J. Brooks
The average interest rate on a fixed 30-year mortgage in the U.S. reached 5.53% this week, more than double its level from a year ago. Although that could lift the cost of purchasing a home beyond the means of many aspiring buyers, some house-hunters are likely to benefit, according to Erin Sykes, chief economist at Nest Seekers International.
https://www.cbsnews.com/news/mortgage-rates-rising-interest-home-prices/