Mortgage Rates Surpass 7% for the First Time in 20 Years

October 27, 2022

NBC News, Oct. 27, 2022–Rob Wile
“Homebuyer affordability took an enormous hit in September, with the 75-basis-point jump in mortgage rates leading to the typical homebuyer’s monthly payment rising $102 from August,” said Edward Seiler, associate vice president of housing economics at the Mortgage Bankers Association.
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