© 2024 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Mortgage rates are falling, but remain extremely high

Demand for mortgages has risen sharply this week. Rates have fallen to the lowest level since July, but are still extremely high. While there was a surge in refinancing, it appears to be led by those who bought this year and does little to give prospective first-time buyers hope of a dramatic drop in mortgage rates.

Roben Farzad, host of public radio’s “Full Disclosure” joins host Robin Young for more on the housing market.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.