Mortgages are rapidly approaching 5%, a new blow to the real estate market

Mortgages are rapidly approaching 5%, a new blow to the real estate market https://i1.wp.com/www.eresviral.com/wp-content/uploads/2018/10/Las-hipotecas-se-acercan-rápidamente-al-5-un-nuevo-golpe-al-mercado-inmobiliario.jpg?fit=219%2C146&ssl=1

Mortgages are rapidly approaching 5%, a new blow to the real estate market




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OBSERVATION: The orphan baby monkey is very attached to his savior
October 12, 2018








Mortgages are rapidly approaching 5%, a new blow to the real estate market



Mortgage rates reached their highest level in more than seven years this week at almost 5%, a level that could deter many home buyers and represent another setback for the housing market in crisis.


The average rate for a 30-year fixed-rate mortgage rose to 4.9%, the biggest weekly jump in about two years, according to data released Thursday by mortgage finance giant Freddie Mac.


Lenders ...



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ORIGINAL ARTICLE THE WALL STREET JOURNAL


















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