Housing Affordability Hits Record Low As Mortgage Rates Soar To 6.1%
June 14, 2022 at 11:40 AM EDT
Back in March, when the average mortgage rate was still "only" 4.5%, we anticipated the coming rate explosion. Fast forward to today when the latest 30Y average mortgage has just surged to a stunning 6.13% from 3.25% at the start of the year.
