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Stock impact report

Where are mortgage rates headed? What to know for spring homebuying season. [Yahoo! Finance]

NerdWallet, Inc. - Class A (NRDS) 
Company Research Source: Yahoo! Finance
Buyers and homeowners 'should avoid making decisions based solely on short-term market movements'. | Credit: Melissa Ross / Getty Images Spring is usually considered prime time for the housing market. The winter weather is finally thawing out, the sun is starting to shine more regularly and everything is looking greener and rosier. But this year, some unanticipated challenges are threatening to upend what is usually the busy season for both buyers and sellers. Due to the war with Iran, the “ cost of oil is shooting higher, leading to rising inflation and causing the Fed to reconsider ” its previously planned rate cuts, said CNBC . In turn, “U.S. bond yields are rising, with mortgage rates following suit.” With rates steadily increasing week by week and waning affordability continuing to squeeze budgets, the question arises: is this spring the right time to make homebuying moves? What is next for mortgage rates? In March, mortgage rates steadily climbed. The month saw a “three Show less Read more
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