Property News · October 21, 2023

As mortgage rates hit 8%, home 'affordability is incredibly difficult,' economist says


Mortgage rates hit 8% for the first time in decades. Homebuyers must earn $114,627 to afford a median-priced house in the U.S., found real estate firm Redfin.

Source : cnbc.com
Read more…As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says