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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:32:00

5.11%. thats the mortgage rate for a 30-year fixed rate loan. thats up about a point from just a month ago. and about two points from a year ago. so its incredibly expensive to buy a home right now. also those mortgage rates may deter many americans from becoming first-time home buyers. we did a little math. its about $370 more for a mortgage rate this year than it was last year per month. and if you look at rental prices soaring right now, up 17% in just the last year. so analysts tell us that ...
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