The Frozen Market For Homes
Housing And Homelessness,Housing Market,Affordable Housing,Iran War,Economy And Jobs,Mortgage Rates
From the Right
AllSides Media Bias Rating: Lean Right
Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people.
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