The average rate for a 30-year, fixed loan was 6.49%, down from 6.58% last week.
Borrowing costs have skyrocketed since the beginning of the year.
Potential buyers are facing an affordability crunch as mortgage rates have more than doubled this year.
The high tax bills are a leftover effect from the pandemic housing boom.
Mortgage rates have more than doubled this year.
Zillow is the latest real estate company to shrink its workforce in recent months.
Even with the price deceleration, housing prices remain high in many U.S. cities compared to last year.
Borrowing costs have soared since the beginning of the year, stopping the pandemic housing boom in its tracks.
Researchers estimate the value of the city's stock of office buildings will remain well below pre-pandemic levels.
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