Why Is the Same House Suddenly Unaffordable?

The house price didn’t change. The mortgage rate did. On a roughly $343,000 loan, a jump from 6.4% to 7.4% adds about $230 a month in principal and interest. That’s how the same home suddenly becomes unaffordable.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of…