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Soaring mortgage rates make homeownership a pipe dream for many Americans

Por: Newsweek Nation October 13, 2023

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Mortgage rates are inching closer to 8 percent, according to the latest data from lender Freddie Mac, as they rose for the fifth consecutive week, increasingly making the dream of homeownership out of reach for huge swaths of Americans.The popular 30-year fixed-rate mortgages have soared to about 7.6 percent, the highest level in more than two decades. The 15-year rate is close to 7 percent, also the highest it's been in 20 years, according... + full article



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