The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

  • Flying Squid@lemmy.world
    link
    fedilink
    arrow-up
    18
    ·
    1 year ago

    I am so glad we have a fixed-rate mortgage, but I don’t know how we’re ever going to be able to afford to move out of this town.