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US Houses Are Pricier Than Ever. But Will it Last?

Video Credit: Wochit Entertainment - Duration: 00:34s - Published
US Houses Are Pricier Than Ever. But Will it Last?

US Houses Are Pricier Than Ever. But Will it Last?

In March, the US Federal Reserve's lowering of interest rates fueled a housing boom.

According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding.

A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period.

Mortgage rates hit their thirteenth record-low of the year last week.

The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%.


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