Houston homebuyers clinging to any deal in a hot market could be shut out by higher mortgages

Houston homebuyers clinging to any deal in a hot market could be shut out by higher mortgages

Houston homebuyers are watching with bated breath as mortgage rates climb, with some rushing to make deals before rates rise, others downsizing their dream homes and still others being shut out of the market altogether. After the frenzied housing market of the past two years, mortgage rates — which have jumped two percentage points since…