Mortgage Rates Hit 23-Year High, But Home Price Relief May Be Ahead

Mortgage rates reached a 23-year high in September, making housing unaffordable for many.

Redfin says there is hope due to a small rise in inventory and volatility in mortgage rates.

More homeowners putting properties on the market could ease inventory constraints.

Rate volatility gives opportunistic buyers a chance to lock in lower rates.

While a big home price decline is unlikely, prices are not expected to increase much either.