Mortgage rates are rising due to factors like inflation and higher oil prices, which are pushing bond yields up and reducing affordability for buyers. Despite this, the spring housing market remains active, though higher costs are causing hesitation and slowing sales, leading to more homes sitting on the market and giving buyers slightly more negotiating power. Experts note that while rates have climbed, they are still lower than last year, and future movements will depend on unpredictable economic conditions. Jen Poniatowski, SVP of mortgage growth and market development at Key Mortgage, says, “While there’s a slight possibility of rates easing downward, they are more likely to remain in the low-6% range for the near term.”

Read the full article here: https://time.news/rising-mortgage-rates-is-this-spring-still-a-good-time-to-buy-or-sell/#google_vignette