US mortgage rates climb steeply, slowing housing boom - Al Jazeera English

Mortgage-rate locks to buy second homes dropped last month to the lowest level since May 2020, according to Redfin.

Demand for second homes in the U.S. is plummeting as mortgage rates climb steeply. After a pandemic buying frenzy, mortgage-rate locks to buy second homes dropped last month to the lowest level sinc… [+2650 chars]

full article...