3 Housing Market Trends to Watch For, According to Freddie Mac
It's been a whirlwind over the last month in the housing market. Two weeks ago, 30-year fixed-rate mortgage rates hit 6% for the first time since 2008. Mortgage rates jumped again this week to 6.7% as the Federal Reserve remains steadfast in raising interest rates to bring down inflationary pressures.
Rising rates have had ripple effects across asset prices, and housing is the latest to feel the pressure. Here are three trends in the housing market you should pay attention to and the companies impacted.
Image source: Getty Images.
Source Fool.com
