Home Purchase Cancellations Are Above 15% For the Second Straight Month. It’s Important to Know the Financial Repercussions

CNBC, Sept. 26, 2022–Sarah O’Brien
In August, 15.2% of home purchase agreements fell through, similar to 15.5% in July. The average mortgage rate reached 6.7% last week, up from 3.3% heading into 2022.