Mortgage Rates Are Nearing 7%. One House Hunter Says He's "despondent."

US mortgage rates brush 7%, weighing on buyers, sellers

Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed…

Colorado housing market faces falling buyer demand as mortgage rates hit two-year high

Fewer Colorado homes are selling, and those that do are taking longer to move — a trend that could deepen as mortgage rates climb above 7%, adding to affordability concerns for would-be buyers. The average interest rate on a 30-year fixed mortgage rose to 7.09% on Friday, Sept. 18, climbing to its highest point in at least a year and a half, according to Bankrate.  “It is definitely a psychological number for buyers and sellers, and people looki…

Mortgage rates are nearing 7%. One house hunter says he's "despondent."

"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.

Soaring mortgage rates and high prices are putting homeownership further out of reach

Interest rates on a 30-year fixed mortgage soared to 7.2%. Coupled with near record high prices, it’s putting homeownership out of reach for millions.

Soaring mortgage rates and high prices are putting homeownership further out of reach – NBC News

Soaring mortgage rates and high prices are putting homeownership further out of reach  NBC Newshttp://dlvr.it/TVXkgX