Homebuyers refuse to back down as mortgage rates continue hovering stubbornly near 6% mark
Despite mortgage rates just dipping below the 6% mark, American homebuyers aren't retreating just yet.While high mortgage rates have historically chilled demand, the latest data reveals a defiant consumer base: new home sales remain higher than year-ago levels, and a massive surge in refinancing suggests homeowners are pouncing on any slight dip in borrowing costs.Recent data from the Census Bureau reveals that while new home sales dipped slightly by 1.7% […]
