Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingThirty-year mortgage rates cross over 7 percent as elevated rates and affordability woes squeeze homebuyers out of the market.
It is whether or not the Fed will permit that dream to be realized because if the mortgage rate was to somehow go up to 8%... by recent standards that is very high, and it's going to price out many young adults out of the marketplace," Says states. "Homeowners smiling big, while the renters feel like their dream is out of reach, frustrated that other people are getting the housing wealth, while they are left out paying higher rents each month.
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