Mortgage charges surge to eight% amid document low present of homes out there on the market

Mortgage charges surge to eight% amid document low present of homes out there on the market

Over horny two years, mortgage charges have surged from 3% to eight%, which can add nearly $1,000 to the monthly rate on a median priced residence. The availability of homes out there on the market has hit a document low, leaving many attainable homebuyers anxious over when the correct time will likely be to aquire a residence. CNBC’s Diana Olick reports.

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