Buying a home gets even harder as mortgage rates top 7%
It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.
by Chris Arnold
Oct 27, 2022
1 minute
The average rate for a 30-year fixed rate mortgage has topped 7% for the first time in 20 years.
Rates have more than doubled since the start of the year,
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