Homebuyers in U.S. lose hope as costlier loans sap affordability
First-time homebuyers, already getting clobbered by bidding wars, now face a potential knockout punch: higher mortgage rates. Costs for 30-year loans hit a more than two-year high of 3.69 per cent last week, rising about 20 per cent just since Christmas. Further increases are expected as the Federal Reserve, trying to curb inflation, hikes its...
- By srec
- February 21, 2022
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