Higher mortgage rates continue to weigh on borrower demand, but there are signs that buyers are beginning to adjust to the current rate environment. The article looks at how affordability challenges are affecting activity while the housing market continues to move despite borrowing costs remaining elevated.
Destinee Stice, Vice President of Loan Origination at NewDay USA (NMLS #1565498), discussed the mortgage rate outlook through the end of the year, sharing that she does not expect a major shift and believes rates will likely remain in the 6% range.
