The struggle is real: how homeowners are coping with soaring mortgage rates
Stress Test
00:00
Impact of rising mortgage rates on young homebuyers
The host speaks with a mortgage broker about the financial strain faced by young homebuyers due to rising mortgage rates, especially those with variable interest rates. They discuss the options available to homeowners, such as increased payments or extending the amortization, and advise reaching out to the bank for assistance.
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