Optus Bank: Mortgages Are Still in Demand. Qualifying for One is a Different Story.
"The number of pending home sales fell more than 7% between July and August, according to the National Association of Realtors. That drop was bigger than analysts had expected and the NAR says it was largely due to rising mortgage rates.
'While plenty of people want mortgages right now, rising rates restrict what they can afford,' said Dominik Mjartan, CEO of Optus Bank in South Carolina."