The US housing market is stuck in the 'doldrums' as mortgage rates edge higher, says Freddie Mac

Dec 30 2022 by Business Insider

 

(Photo by SAUL LOEB/AFP via Getty Images)

America's housing market is stuck in a state of depression as mortgage rates move higher again.  "The housing market remains in the doldrums with declining sales, inventory and prices," Freddie Mac said.  The 30-year fixed mortgage rate is poised to break a six-week declining streak, rising to 6.42% on Thursday. 

America's housing market is still gloomy as ever as mortgage rates turned higher again, according to Freddie Mac. 

"The housing market...

Continue Reading The US housing market is stuck in the 'doldrums' as mortgage rates edge higher, says Freddie Mac