Mortgage charges surge to 8% amid document low present of properties for sale

Mortgage charges surge to 8% amid document low present of properties for sale

Over simply two years, mortgage charges absorb surged from 3% to 8%, which may add nearly $1,000 to the monthly fee on a median priced dwelling. The present of properties for sale has hit a document low, leaving many doable homebuyers anxious over when the good time may be to blueprint shut a condo. CNBC’s Diana Olick reports.

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