Mortgage rate tipping point: Homeowners say roughly 5% is the magic number to move
PUBLISHED TUE, SEP 5 202310:48 AM EDTUPDATED TUE, SEP 5 202312:29 PM EDT
By: Jessica Dickler
WATCH NOWVIDEO03:22Mortgage rate tipping point: Most buyers say 5.5% or lower
After bottoming out below 3% in January 2021, the average rate for a 30-year, fixed-rate mortgage now sits above 7% — which is just too high for many homeowners to consider selling.
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