Mortgage Rates Keep Climbing, But Signs of Slowing Housing Market Emerge

Mortgage rates continue rising, posing challenges for potential homebuyers. However, some experts say the market may be easing slightly as supply increases and competition dies down seasonally.

Redfin report notes new listings have "inched up," giving buyers more options. Realtor.com chief economist says prices may ease since motivated sellers are in market.

Fall typically not busy time for sellers, but improvement seen as homeowners acclimate to higher rates. Still a challenging environment with high prices and rates.

30-year fixed mortgage rate now over 7.5%, more than double rate of 3 years ago. But shoppers may find lower rates by shopping lenders.

Higher rate environment could help buyers if lenders vary more on rates offered. Can also buy down mortgage rate.