HOLIDAY

Keeping a Watch on Rising Rates

An analysis by NAHB Chief Economist Robert Dietz.

According to NAHB, Since the start of 2022, the benchmark 10-year Treasury rate (which often moves in tandem with mortgage rates) has increased from 1.51% to approximately 3.7% this morning. The average 30-year fixed mortgage interest rate, as measured by Freddie Mac, has increased even more, rising from 3.11% at the start of the year to 6.7% this week. Combined with higher construction costs and rising home prices, these market dynamics have pushed housing affordability to more than decade-lows.

Read More

BUILDER.MEDIA TERMS OF VIEWING POLICY!
This website, digital publication, and all of its contents are the copyright protected legal intellectual property of Builder Media. None of the protected content of this publication may be copied, shared, forwarded, reposted, reformatted or in any way utilized for any purpose without the written permission of the Publisher, under penalty of suit as provided by U.S and International laws governing copyright.