Mortgage rates soar to highest level since June 2020 — so why is the housing market still hot?

Mortgage rates soar to highest level since June 2020 — so why is the housing market still hot?

The 30-year fixed-rate mortgage averaged 3.17% for the week ending March 25, up eight basis points from the previous week…

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MarketWatch

https://www.marketwatch.com/story/mortgage-rates-soar-to-highest-level-since-june-2020-so-why-are-home-sales-still-rising-11616682999