Mortgage lenders often look to the yield on the 10-year Treasury note as a benchmark for interest rates across the economy. This is because the 10-year Treasury note is considered a relatively safe investment, and its yield reflects the market's expectations for future interest rates.

The Licking County real estate market is in a crash.

No, not a physical crash—not yet, anyway. But it's definitely a crash. The county is seeing a sharp decline in available inventory under $250k and a steep increase in available inventory over 250k.

Higher rates are changing buyer habits in Licking County real estate.