A strong US stock market means homebuyers are more tolerant of high mortgage rates, Compass CEO Robert Refkin said. Mortgage rates have been climbing back up towards 8% after hotter inflation data and delayed Fed rate cuts. But "you don't need 6% mortgage rates when the stock market is at an all-time high," says Refkin. "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. Mortgage rates have gone back north of 7% in recent months after tumbling from recent peaks of more than 8% in October.

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Persons: Robert Refkin, — Organizations: Service, Compass, CNBC, Federal Reserve, Tech, Nvidia, Meta, Mortgage Bankers Association Locations: Seattle