Long-term mortgage rates maintain upward trajectory
“Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected,” he continued. “As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.” Marty Green, principal at Polunsky Beitel Green, added … [Read more…]