The interest rates have gone up over 7% and they're holding there right now. This is actually causing a shortage of inventory because a lot of people still have houses where they have a fixed 30-year mortgage at 5%. The number of hardship withdrawals from 401Ks rose by 24% year over year, which means more and more Americans can no longer afford to pay their bills.
As prices on things like groceries, gas, and cars continue to rise, other hidden impacts are contributing to the squeeze on the middle to lower class. Get the facts first with Morning Wire.
Fast Growing Trees: Get 15% off your entire order. Use Promo Code ‘MORNINGWIRE’ at http://www.fastgrowingtrees.com/morningwire