Climbing mortgage rates, meant to cool inflation, have to some extent stymied the local real estate market. (The Enterprise/FILE)
Business & economy

Rising mortgage rates may take a bite out of once booming real estate market

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HOUSING: In an effort to curb inflation, the Federal Reserve's mortgage rate boosts are impacting the local real estate market, creating new challenges for brokers and home buyers . . .

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Steven Mitchell is a general assignment reporter with the Malheur Enterprise. He has been a journalist in eastern Oregon since 2020 and covers education, local business, housing, natural resources and sports. For questions and news tips, call 971-263-3444 or email [email protected]