Simi Valley Weekly
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housing · Sunday, October 4

Mortgage Rates Hit Three-Year Highs, Housing Sales Fall

The trend is reported from Los Angeles as higher borrowing costs weigh on home sales.

Discover the vibrant residential landscape of Los Angeles, CA from above.
Stock photo: RITESH SINGH / Pexels. Illustrates the topic; not a photo of the event.

Mortgage rates have reached their highest point in three years, pushing housing sales lower. The development is being reported from Los Angeles. Akiko Fujita has more details on the housing market shift and its effect on buyers and sellers.

Read the full story at CBS News U.S. ↗
Original reporting

Summarized from the reporting above. Read it for the full story.

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