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You are here: Home / As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says

As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says

October 20, 2023 by US Top News and Analysis

Mortgage rates hit 8% for the first time in decades. Homebuyers must earn $114,627 to afford a median-priced house in the U.S., found real estate firm Redfin.

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