USA. Mortgage rates have indeed increase above 7%, marking the first time since December. This increase could have significant implications for the housing market as we approach the spring season

The contract rate on a 30-year fixed mortgage rose by 19 basis points in the week ending February 16, reaching 7.06%2. This development may impact home affordability, potentially affecting prospective buyers and sellers alike as it stands, the US housing market is already facing significant challenges