Mortgage rates at highest mark since 2000

When the Federal Reserve didn’t raise interest rates last week, the move was seenlikely to benefit the housing market. Wrong! For the week ending September 28, a 30-year fixed-loan is now 7.31% – the highest rate since 2000.

Meanwhile the median listing price climbed 1.1 percent and new listings were down 7.5%.

Meanwhile, those who can afford a home are still anxious to close the deal.

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