Individual Buyers Unfazed by 7% Mortgage Rates in September

Individual investors and second-home buyers collectively represented a significant portion of home purchases in September, accounting for one in five transactions. This activity occurred even as mortgage rates reached 7%, according to a report from MarketWatch. This share marks the highest level observed in just over a year, indicating a segment of buyers less sensitive to elevated borrowing costs.

For readers following broader market updates , this trend highlights a specific dynamic within the housing sector where certain buyer types are proceeding with purchases despite higher interest rates. This suggests that factors beyond conventional mortgage affordability may be driving these transactions.

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