As Mortgage Rates Enter the ‘Red Zone,’ Homebuyers Can’t Quite Bully Sellers Hard Enough to Compensate

Yahoo! Finance, Sept. 17, 2022–Nancy Sarnoff
“Higher mortgage rates have pushed refinance activity down more than 80% from last year and have contributed to more homebuyers staying on the sidelines,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.