There have been multiple discussions about interest rates in the past few years. According to a graphic from Visual Capitalist, the 30-year fixed-rate mortgage has reached its highest level since 2002. This, coupled with rising home prices and limited inventory, has led to affordability being at its lowest point in history. Stay safe and have a great Friday! (Image courtesy: Visual Capitalist) [Image: Mortgage Rate Surge] (Hat tip to Visual Capitalist)
The original article can be found on Real Estate Investing Today: The Mortgage Rate Surge.
#Mortgage #Rate #Surge,