This week’s increase in U.S. mortgage rates has added to the skepticism about any significant reductions in interest rates for prospective homebuyers in the near future.

As affordability issues intensify and consumer hope for lower interest rates this year fades, more potential homebuyers are holding off on their search. The anticipation of falling loan rates has become the primary reason cited by individuals for not actively looking for a home.

 

To continue reading the rest of the article, please click on the source link below:

https://www.worldpropertyjournal.com/real-estate-news/united-states/washington-dc-real-estate-news/real-estate-news-rising-mortgage-rate-data-april-2024-primary-mortgage-market-survey-april-2024-pmms-data-sam-khater-14076.php