Mortgage charges surge to eight% amid sage low supply of homes for sale

Mortgage charges surge to eight% amid sage low supply of homes for sale

Over upright two years, mortgage charges enjoy surged from 3% to eight%, that would additionally honest add nearly $1,000 to the month-to-month payment on a median priced home. The provision of homes for sale has hit a sage low, leaving many likely homebuyers anxious over when the most productive time will doubtless be to aquire a home. CNBC’s Diana Olick experiences.

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