The cost of buying a house hit another record high as mortgage rates spike again

Fox Business

Lean Right

Mixed Factuality

Media Conglomerate: Murdoch Family

The cost of buying a house hit another record high as mortgage rates spike again

The cost of buying a new house just hit a fresh record as mortgage rates rose to the highest level this year, according to a new report.Findings from Redfin show the combination of steep mortgage rates and elevated home prices has pushed the median monthly housing payment to a record $2,775 – an 11% increase from the same time last year."Market conditions for homebuyers remain challenging with few homes listed and costs for ownership still climb…