Debate Over Higher Mortgage Rates

Mortgage rates knocked out a few first-time buyers, but the move-up buyers are more eager than ever, seeking to beat further increases in rates and prices.

Chicago builder contracts have dropped sharply in recent weeks, and other markets have behaved similarly. The entry-level portion of the market has been hit hardest. Phoenix traffic spiked recently because the first new master planned community in several years opened.

Chicago builder contracts have dropped sharply in recent weeks, and other markets have behaved similarly. The entry-level portion of the market has been hit hardest. Phoenix traffic spiked recently because the first new master planned community in several years opened.

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