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As Mortgage Rates Climb, A Hot Housing Market Cools

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Manage episode 342961163 series 2859533
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Higher mortgage rates are putting a damper on the U.S. housing market. Home prices are down and sales of existing homes have now fallen for seven months in a row.
The ripples in the housing market are being felt as the Federal Reserve has been raising interest rates to fight inflation. And those higher borrowing costs mean that monthly mortgage payments have shot up.
We hear from would-be buyers who say that soaring mortgage rates are pushing them out of the market. And we talk to NPR's Chris Arnold about how the Fed's moves are affecting buyers and sellers.
In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1262 episodes

Artwork
iconShare
 
Manage episode 342961163 series 2859533
Content provided by NPR. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NPR or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Higher mortgage rates are putting a damper on the U.S. housing market. Home prices are down and sales of existing homes have now fallen for seven months in a row.
The ripples in the housing market are being felt as the Federal Reserve has been raising interest rates to fight inflation. And those higher borrowing costs mean that monthly mortgage payments have shot up.
We hear from would-be buyers who say that soaring mortgage rates are pushing them out of the market. And we talk to NPR's Chris Arnold about how the Fed's moves are affecting buyers and sellers.
In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.
Email us at considerthis@npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
  continue reading

1262 episodes

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