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Ocean Springs broker says homebuyers still have leverage despite 7% mortgage rates

Original: Ocean Springs broker says homebuyers still have leverage as mortgage rates top 7%

A mortgage broker in Ocean Springs, Mississippi says homebuyers still hold negotiating power even with mortgage rates climbing above 7%. High borrowing costs have cooled demand, giving buyers room to push on price and closing terms in a market where many would-be purchasers have stepped back.

Why now: Mortgage rates topping 7% are renewing debate over whether buyers or sellers control the housing market

Ocean SpringsWLOX

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• Ocean Springs broker says homebuyers still have leverage as mortgage rates top 7% · WLOX

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