Homebuying Demand Slows As Mortgage Rates Hit Highest Level in a Year

Today’s housing market rewards patience over panic: With hundreds of thousands more sellers than buyers in the U.S., buyers in most of the country have time to peruse options and negotiate. U.S. pending home sales fell to their lowest level since early April during the four weeks ending July 26, dropping 1.7% in the last […] The post Homebuying Demand Slows As Mortgage Rates Hit Highest Level in a Year appeared first on Redfin Real Estate News .