Mortgage Rates Hit 6.92%, a 20-Year High - WSJ
A buyer that earns the median household income and puts 20% down could afford a home costing roughly $339,000 this week. That buyer could have afforded a home costing almost $449,000 in January
The cost of Fed inaction and reckless Congressional spending that now the average American has to pay.
The cost of borrowing has risen across the board since the central bank embarked on its aggressive campaign to curb inflation.
And with Core Inflation still accelerating, the real pain hasn’t even started!