Mortgage interest rates are at record highs for the current generation of first-time homebuyers, but on par with what boomers paid in the 1990s. What’s changed is home affordability, with prices that have ballooned as much as five times higher.
Cathy Duchamp, Biz Journals
Fri, 05/24/2024 - 11:00pm
Mortgage interest rates are at record highs for the current generation of first-time homebuyers, but on par with what boomers paid in the 1990s. What’s changed is home affordability, with prices that have ballooned as much as five times higher.