BUSINESSCBS News - Top·2d ago
Mortgage rates are nearing 7%. One house hunter says he's "despondent."
AI TLDR · GEMINI
Mortgage rates are approaching 7%, significantly increasing the cost of homeownership. Potential buyers are expressing frustration as rising rates make it more difficult to purchase property.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
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