Mortgage rates are at their highest level in 23 years. Many U.S. homeowners who have locked-in their costs, however, have reason to be thankful: the median mortgage holder’s rate is still below 4%.
Rising housing costs have gotten a lot of attention, for good reason: Home affordability in the third quarter sank to the lowest level since 2007 as home prices and mortgage rates rose, according to property analytics company Attom Data.
The…
Read the full article here