Mortgage Rates Hit Five % for the First Time in More Than a Decade

Interest rate on america's most popular mortgage hit five % for the first time in more than a decade. Fastest three months increased since 19 87, has made housing market ground zero for federal reserves efforts to tame inflation. Home buyers, already facing surging housing prices, are now contending with substantial increasing and financing expenses,. further lifting monthly payments. So higha interest rate o no higher than payment ala the same payment less house.