Mortgage rates just hit 8%—should you still buy a home?
Collection Industry News
OCTOBER 25, 2023
With average rates on 30-year fixed-rate mortgages hitting 8% on Wednesday, you might be thinking twice about buying a home, even if you can afford one. The real estate market hasn’t been favorable to buyers recently: Median home prices have shot up 26% since 2020. There will be opportunities to refinance” later, she said.
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