Home Business & Finance More than 70% of recent home buyers were counting on...
Business & Finance

More than 70% of recent home buyers were counting on mortgage rates to drop. Now they’re stuck.

More than 70% of recent home buyers were counting on mortgage rates to drop. Now they’re stuck.
Key Points

Refinancing to a lower rate isn’t an option for many homeowners, who now face “financially unsustainable” mortgage payments.

Refinancing to a lower rate isn’t an option for many homeowners, who now face “financially unsustainable” mortgage payments.
Originally published by MarketWatch Read original →