Mortgage Rates SURGE. Americans Can't Afford It.

Mortgage Rates SURGE. Americans Can't Afford It.

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Publish Date:
11 April, 2023
Category:
Mortgages
Video License
Standard License
Imported From:
Youtube

The mortgage rates in America are surging at an alarming rate.

The average 30-year fixed mortgage rate has skyrocketed from 6% to over 7% in just 1 month.

Plus, home prices are at an all-time high in the US.

That means the average American household would need to spend $30,000 a year on their mortgage + taxes + insurance to afford a home...

That’s a staggering 40% of the typical American household’s income.

What do you think - is it still possible for the average family to afford a home?

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https://realestatevideos.club/Mortgages/mortgage-rates-uk-understanding-the-uk-housing-market