The cost of buying a house hit another record high as mortgage rates spike again
A recent report reveals that the cost of purchasing a new home has reached an all-time high due to increasing mortgage rates. Redfin’s findings show that the combination of higher mortgage rates and elevated home prices has pushed the median monthly housing payment to a record $2,775, marking an 11% surge from the previous year. Nationwide senior economist Ben Ayers highlights the challenges faced by … Continue reading The cost of buying a house hit another record high as mortgage rates spike again
