Meet the home buyers totally unfazed by 7% mortgage rates
Summary
Certain property purchasers remain unaffected even as home loan rates reach seven percent. During September, solo investors and people acquiring an additional residence made up one out of every five property deals. This represented the largest portion of sales for this group in slightly more than a year.
Individual investors and second-home buyers accounted for 1 in 5 home purchases in September — the highest share in a little over a year.
Source: Read the full story at MarketWatch.com - Top Stories
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.