Latest / Flint News Today | 2 Min News | The Daily News Now!
Rates Soar as Global Tensions Hit Homes | Flint News
Housing market’s in a bind as 30-year mortgage rates hit a yearly high of 6.71%, fueled by global uncertainty—Iran tensions, soaring energy prices, and the staggering $40 trillion national debt. Investors fleeing bonds pushed yields up, making loans costlier. After a brief dip, rates are now climbing back toward 7%, cooling off refinance activity and dragging down pending home sales to their lowest since January. Experts say this elevated rate environment is here to stay for the rest of the year, hitting homeowners harder than buyers. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.