CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:32:00
5.11%. that's the mortgage rate for a 30-year fixed rate loan. that's up about a point from just a month ago. and about two points from a year ago. so it's 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. it's 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 we may see a little softening in prices on the home buying market, but mortgage prices we're sti...
Source: archive.org
