✉news BusinessReal Estate first seen 5 h ago, last 2 min ago, peak #9

Rising mortgage rates dash hopes of housing comeback

Original: Realtors predicted a modest housing comeback this year. Rising mortgage rates are now dashing those hopes

Realtors had forecast a modest recovery in the housing market this year, but those expectations are being undermined as mortgage rates climb again. Higher borrowing costs are cooling demand and threatening the rebound industry watchers anticipated, leaving buyers and sellers facing a more uncertain market than predicted just months ago.

Why now: Newly rising mortgage rates are reversing realtors' recovery forecasts, worrying buyers, sellers and the housing industry.

realtorshousing marketmortgage rates

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• Realtors predicted a modest housing comeback this year. Rising mortgage rates are now dashing those hopes · The Globe and Mail

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