It's been almost three decades since the real estate industry has seen an interest rate spike like we've experienced in the past 90 days. The benchmark 30-year-fixed rate mortgage flirts with the 5% range, cooling the purchase market and all but extinguishing the refi market. For perspective, analysis, and projections, FNF's Chuck Cain calls on Black Knight VP of Enterprise Research and Strategy Andy Walden.
It's been almost three decades since the real estate industry has seen an interest rate spike like we've experienced in the past 90 days. The benchmark 30-year-fixed rate mortgage flirts with the 5% range, cooling the purchase market and all but extinguishing the refi market. For perspective, analysis, and projections, FNF's Chuck Cain calls on Black Knight VP of Enterprise Research and Strategy Andy Walden.