U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace that has gripped the market for nearly two years
as the Covid-19 pandemic changed consumers’ housing priorities and remote work enabled people to move farther from work.
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Mortgage rates hit 5%, highest in more than a decadeIt's going to be hard for first-time buyers to afford a house.
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Mortgage rates hit 5% for the first time in over a decadeThe 30-year fixed-rate mortgage averaged 5% in the week ending April 14, up from 4.72% the week before, according to Freddie Mac. That's the highest since 2010.
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30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
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30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
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30-year home mortgage rates hit 5% for the 1st time in over a decadeHome mortgage rates just hit 5% for the first time in more than a decade. That means the monthly cost of buying a typical home has surged by more than a third over the past year.
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Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the painAs interest rates on home loans surge above 5%, the pandemic-related boom in purchases of second homes is coming to a screeching halt.
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