Mortgage rates are soaring but Austin remains competitive market

AUSTIN (KXAN) — Real estate brokerage, Redfin, says they're seeing housing demand start to cool off across the country, thanks to soaring mortgage rates — but not yet in Austin.
Redfin said mortgage rates are rising at their fastest pace in history, which means a typical monthly payment has gone up more than $500 since the beginning of this year. Study: Austin 2nd most overpriced housing market in USThe company said right now, many homebuyers are trying to lock in their rate before i