This week the
jumped to 5.23%, an increase from 5.09% a week ago, according to Freddie Mac. The average 30-year fixed mortgage rate was 2.96% this time last year."Although we expect rent-price growth to continue to slow in the coming months, it will likely remain high, causing ongoing affordability issues for renters," Marr added. HOME PRICES HAVE BEGUN FALLING IN THESE 10 CITIES, ACCORDING TO REALTOR.
In Austin, Texas, rents surged 48% compared to a year ago, which is the largest increase of any metro area since Redfin began tracking this data in 2019. Meanwhile, rents increased over 30% in Nashville, Tennessee, Seattle, Washington, and Cincinnati, Ohio, according to Redfin. Austin, Texas: 48%
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