Mortgage Rates Reach 20+ Year High – What Will the Housing Market Fallout be in 2023?

CHRISsadowski / Getty Images It has been a spooky October for the U.S. housing market, with mortgage rates hitting a 21-year high and home sales decelerating. The prognosis for 2023 is similarly eerie, as industry experts warn of a continued slump heading into the new year. See: Average American Renters Can’t Afford Starter Homes —…