04/18/2022
🚨Mortgage Rates Hit 5%🚨
Lat week, mortgage rates averaged five percent for the first time in over a decade.
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As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of homeownership the most expensive in a generation. 🔑🏡
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*According to Sam Khater, Freddie Mac’s Chief Economist