Homebuyers are pumping the brakes on home purchases and backing out of bidding wars as rising mortgage rates slow a booming housing market

Higher rates are pricing out a large share of homebuyers and easing competition for those who can still afford home purchases

Mortgage rates are at their highest level since 2008, creating a slowdown in home price growth as homebuyer demand softens across the U.S.

Waning demand from prospective buyers is causing a growing number of sellers to slash their asking prices as the market cools

The most recent interest rate hike will price out a large share of prospective homebuyers, but will it be enough to reduce housing costs in overheated markets?

Millennials are the key drivers of growth for the housing market, but many are delaying their purchasing plans to wait out a period of elevated inflation

Surging interest rates are rapidly cooling homebuyer demand, and a lack of competition is forcing some sellers to drop their asking prices

The Federal Reserve sent its rates soaring by 75 basis points earlier this week, subsequently pushing the 30-year fixed mortgage rate beyond the 6% mark

Mortgage demand fell by more than 50% year-over-year a week ago as buyers scramble to adjust to an inflated market