A booming stock market means homebuyers will be more tolerant of high mortgage rates, Compass CEO says

Advertisement Mortgage rates have been creeping back up towards 8%. But one expert says a roaring stock market has been helping to blunt the increase."You don't need 6% mortgage rates when the stock market is at an all-time high," Robert Refkin, Compass CEO said on CNBC on Thursday. "You have markets like the Bay Area, like Seattle, where people are paid in their bonuses, and their compensation is in stock — it's at an all time high, they can afford a home."Mortgage rates have gone back north of 7% in rece ...