Redfin Reports 17% of Homeowners With Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade
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Redfin reports that 17.2% of U.S. homeowners with mortgages have an interest rate of at least 6%, the highest since 2016. This is a significant increase from 12.3% in Q3 2023, indicating a potential trend of rising mortgage rates.
February 06, 2025 | 1:45 pm
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Redfin's report on rising mortgage rates could impact its business as higher rates may affect housing market activity. This could influence Redfin's stock price in the short term.
The increase in mortgage rates to 6% or more could slow down housing market activity, potentially affecting Redfin's business operations and revenue. This may lead to a short-term negative impact on RDFN's stock price.
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