As 30-year fixed-ate loans continue to rise – 7.49% as of October 5, 2023 – the question is, how much higher can they go? And the answer, of course – as with all things dealing with the housing market – is, no one knows.
What we do know, however, is that new listings continue to drop, which means that prices continue to rise.
According to analysts, there are still “eager homebuyers” out there. Whether they can find anything and actually be able to afford it, is another question.