Why Fewer People Are House Hunting Now

Thinking about buying a home? You’re not alone in hitting pause. After mortgage rates crept up to 6.72%, home loan applications dropped by 10% last week. Higher rates mean bigger monthly payments, so more folks are waiting it out. The twist? Some homeowners are jumping on the chance to refinance before rates climb higher. If you’re house hunting, you might find less competition—but your wallet will feel the pinch! #RealEstate #HomeBuying #MortgageRates