business
High mortgage rates and home prices threaten homeownership
Interest rates on a 30-year fixed mortgage soared to 7.2%. Coupled with near record high prices, it’s putting homeownership out of reach for millions.
The average interest rate on a 30-year fixed mortgage soared to 7.2% this week, its highest in a year and a half. Coupled with home prices near record highs, it’s putting the American dream of owning a home further out of reach for millions.
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