Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market.

Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.

  • curiousaur@reddthat.com
    0·
    1 year ago

    That’s insane. We have fixed rates that are exactly that, fixed. And mine, and all of the US that’s owned for more than 2 years, is fixed at around 3%. That’s a big part of why these particular metrics are what they are; the number of houses being sold. Price aside, it makes no sense to get rid of that loan.