When the Federal Reserve didn’t raise interest rates last week, the move was seenlikely to benefit the housing market. Wrong! For the week ending September 28, a 30-year fixed-loan is now 7.31% – the highest rate since 2000.
Meanwhile the median listing price climbed 1.1 percent and new listings were down 7.5%.
Meanwhile, those who can afford a home are still anxious to close the deal.