US Housing Affordability Is 'Deteriorating Again' as Mortgage Rates Hit 11-Month High— Top Economist Says 'Shopping Around Can Save You Thousands...'
US mortgage rates hit an 11-month high as record home prices add pressure to housing affordability.
Mortgage rates—what banks charge to borrow money for houses—just hit their highest point in almost a year, making homes even harder for families to afford. When rates go up, it's worth watching to see if fewer people buy houses, since that could affect real estate companies' business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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