The Housing market is going through an affordability problem due to the rising cost of interest rates. We started the year off at 3.1% and now are over 7.2% for a 30 year fixed rate mortgage.
Mortgage Rates , Reach Highest Level , Since 2006.
Reuters reports that the United States
housing sector continues to feel the impact
of tightening financial conditions.
According to data from the..
Credit: Wibbitz Top Stories Duration: 01:30Published
Rise in interest rates puts strain on housing market in Kansas City area
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