Ted Rossman, Bankrate senior industry analyst, joins ‘The Exchange’ to discuss the rising cost of mortgages, high mortgages cutting homebuyers’ purchasing power, and risks involved in homebuyers’ betting on refinancing.
04:02
Wed, Sep 20 20232:30 PM EDT
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.cnbc.com/video/2023/09/20/soaring-mortgage-rates-have-cut-homebuyers-purchasing-power-by-40-percent-says-bankrates-ted-rossman.html
More from CNBC RealEstate
The most expensive home in the Caribbean just listed for $200 million – take a look inside
Source Node: 1969719
Time Stamp: Feb 19, 2023
Housing demand remains strong despite rising interest rates: Brickworks MD
Source Node: 2299090
Time Stamp: Sep 28, 2023
Inside a $22.5 million condo in Miami with over 70,000 sq ft of insane amenities
Source Node: 2002282
Time Stamp: Mar 9, 2023
Asia-Pacific real estate: ‘Surprising uptick’ in transaction volumes in third quarter, says real estate firm
Source Node: 2372075
Time Stamp: Nov 8, 2023
China will likely outperform other emerging markets in the next 3-6 months and avoid any ‘disaster’ scenario: Macquarie Capital
Source Node: 2292742
Time Stamp: Sep 26, 2023
Brown Harris Stevens’ CEO Bess Freedman talks the benefits of renting vs. buying
Source Node: 2567583
Time Stamp: Apr 29, 2024
GOP Rep. Elise Stefanik files ethics complaint against Trump NY fraud trial judge
Source Node: 2377050
Time Stamp: Nov 10, 2023
How BlackRock’s Rick Rieder generates outperformance and attractive yield for his Flexible Income ETF
Source Node: 2455915
Time Stamp: Jan 24, 2024
Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
Source Node: 2302364
Time Stamp: Sep 27, 2023
The looming office space real estate shortage. Yes, shortage
Source Node: 2401545
Time Stamp: Nov 26, 2023
November pending home sales were unchanged, despite a sharp drop in mortgage rates
Source Node: 2422206
Time Stamp: Dec 28, 2023
92% of millennial homebuyers say inflation has impacted their plans, study shows
Source Node: 1919681
Time Stamp: Jan 25, 2023