Mortgage Rates at 7% Are Making Everything Worse for U.S. Homebuyers

Bloomberg News, Aug. 29, 2023-Prashant Gopal (subscription)
For a generation of homebuyers used to rock-bottom borrowing costs, a surge to 6% mortgage rates was shock enough. But this month’s jump past 7% is adding a whole new layer of uncertainty to the U.S. housing market.
https://www.bloomberg.com/news/articles/2023-08-29/mortgage-rates-at-7-add-new-housing-market-struggle-for-us-homebuyers