Por: WPTV Business August 11, 2023
WEST PALM BEACH, Fla. — Buying a home is costing a lot more these days as mortgage rates have hit a 22-year high.The rate on a 30-year fixed mortgage, the most common, is now flirting with 7%, and there's talk it could rise more.This is potentially threatening to slow down South Florida's housing market.Not only does the house cost more, but the financing of the house costs more, Bankrate economist Greg McBride said.SPECIAL COVERAGE:... + full article
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Getty Images Key Takeaways Mortgage rates have been rising since the start of 2022, thanks to the Federal Reserve raising interest rates to combat inflation. When a recent consumer price index report came in with lower-than-expected inflation, mortgage rates dropped, even though... + más
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