What factors influence the rise in U.S. mortgage rates and how does it affect homebuyers and sellers?
What factors influence the rise in U.S. mortgage rates and how does it affect homebuyers and sellers?
The rise in U.S. mortgage rates is largely influenced by monetary policies of the Federal Reserve, which aim to manage inflation and stabilize the economy. As rates climb, homebuyers may face higher monthly payments and reduced purchasing power, while sellers might experience longer market times due to decreased buyer competition. Both groups need to adapt their strategies in response to these economic shifts.