Skyrocketing Mortgage Rates Take Toll on Housing Market
- Mortgage rates have recently shot up and impacted interest in homebuying
- CNN projects home buying costs could spike by 22% and rates top 8% if US defaults on debt
- Homeowners unwilling to sell and low supply pushing buyers to builders
- Average 30-year mortgage rate rose to 6.57%, highest since mid-March
- Higher rates adding hundreds per month in costs and slowing housing market
Business Insider 
The Hill 
Washington Post 
Barron's 
CNN 
The Seattle Times 
