High Mortgage Rates Stir Up Demand for Smaller Homes

Industry News

Mortgage rates rose again during the week of May 18 as homebuilders seek ways to meet demand for cheaper – and smaller – properties. By Erika Giovanetti Mortgage rates climbed higher this week, once again passing the 7% threshold for the 30-year fixed mortgage term. Fixed mortgage interest rates increased across the board this week, while most…

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