High Rates Chill Housing Market | Durham News

Mortgage rates hover stubbornly above 6.5%, hitting a yearly high and chilling homebuyer enthusiasm—fewer listings and sluggish sales signal a prolonged slowdown. While some reports paint a rosier picture, the real cost includes hidden “points” that inflate long-term expenses. Despite more homes on the market than last year, renters are winning the affordability battle, and experts predict elevated rates will persist through the year, leaving many homeowners-to-be on the sidelines until borrowing eases. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/1a987172aae5ce7a