(CNN)– There’s bad news for the housing market.
Uncertainty sparked by the war has caused mortgage rates to go up for the past four weeks.
They now stand at an average of just shy of 6.4%.
Realtors had hoped this year would turn around the stagnating market.
That appeared to be happening
last month when mortgage rates fell below 6% for the first time in more than three years.
But now, higher rates are likely to spook buyers and sellers alike as the market enters its busy Spring season.
Categories: News
Tags: Mortgage, mortgage rate, mortgage rates, mortgages, U.S. economy, U.S. mortgage
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