Despite mortgage rates stubbornly hovering near the 6% mark, American homebuyers aren't retreating just yet.While high mortgage rates have historically chilled demand, the latest data reveals a defiant consumer base: new home sales remain higher than year-ago levels, and a massive surge in refinancing suggests homeowners are pouncing on any slight dip in borrowing costs.Recent data from the Census Bureau reveals that while new home sales dipped slightly by 1.7% in December, the market remains surprisingly resilient, with annual sales outpacing 2024 levels by nearly 4%. The Mortgage Bankers Ass...

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