OUCH!
https://theohiostar.com/2022/10/26/vacancies-skyrocket-as-renters-abandon-the-market/
....”Demand for mortgages fell by 38% annually for the week ending Oct. 15, while demand for refinancing fell by 86%. The 30-year fixed rate mortgage hit 6.94% in the week ending Oct. 20, the highest level since 2002, according to Freddie Mac.
“The speed and level to which rates have climbed this year have greatly reduced refinance activity and exacerbated existing affordability challenges in the purchase market,” said Vice President and Deputy Chief Economist Joel Kan of the Mortgage Bankers Association in a statement.”
Maybe this will free up some construction workers and supplies so that I can re-do the kitchen as it so desperately needs done.
When a guy wants to re-do a kitchen, you know it's bad.