For the first time since July, mortgage rates pass 3%
“While purchase activity remains high, it has cooled off over the last few weeks and is currently on par with early March, prior to the pandemic,”
“While purchase activity remains high, it has cooled off over the last few weeks and is currently on par with early March, prior to the pandemic,” Khater said. “However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.”