More Americans unable to afford home ownership as interest rates climb

More Americans unable to afford home ownership as interest rates climb

Newsy

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ViewAs mortgage rates reach their highest level in 23 years, more Americans are putting off home buying.

The 30-year mortgage rate averaged 7.49% as of Thursday, according to Freddie Mac, up from last week, when it averaged 7.31%. A year ago at this time, the 30-year rate averaged 6.66%.

The 15-year rate averaged 6.78%, up...

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