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As mortgage rates soared, here’s how much homebuyers lost in purchasing power

Por: Orlando Sentinel Business September 28, 2022

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Homebuyers have lost six figures in buying power over the past year, thanks to soaring mortgage rates, according to new research. It’s the equivalent of about $140,000, a new report from RedFin calculates, as mortgage rates jumped to 6% since the beginning of the year. “Raising interest rates is necessary to fight inflation, but it comes with some painful side effects — especially for homebuyers,” said Chen Zhao, Redfin’s economics... + full article



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