Highest U.S. Mortgage Rates Since 2008 Sends Demand, New Home Prices Plunging
August 04, 2022 at 05:59 AM EDT
The relative affordability of new homes in the U.S. unexpectedly improved in June 2022. Unfortunately, the reason why it improved is the highest mortgage rates since November 2008 caused demand to plunge resulting in lower new home prices.
