Archive: mortgage rate

How to Play a Correcting Real Estate Market

By Carolyn Price on June 24, 2022

The U.S. residential real estate market is in the midst of a market correction. The average 30-year mortgage rate is at 6.28% currently — the highest rate since 2008. Higher interest rates are limiting access to capital and making mortgage payments more expensive. Because buyers have reduced purchasing power — and there are fewer buyers overall — the year-over-year rate of home price growth is expected…