Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market
People are cancelling home deals at the highest rate in a year, as high mortgage rates give buyers cold feet. • Deal cancellations notched 16.6% in September according to Redfin, a new high since October last year. • The housing market is tight, but buyers "hold all the cards," Redfin said. A…
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