Why Waiting for Rates to Fall Can Create Other Affordability Problems
Mortgage rates are giving homebuyers another reason to hesitate. The average rate for a 30-year fixed mortgage reached well over 7% in October, its highest level in 13 months, according to Freddie Mac. That followed a climb from 5.98% in late February to 6.65% by Aug. 20, figures cited in a recent U.S. Bank housing-market…
The post Why Waiting for Rates to Fall Can Create Other Affordability Problems appeared first on RISMedia.
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