Mortgage rates in the U.S. have jumped above 7 percent for the first time in 20 years.
The rapid rise in rates - which just a year ago were sitting at just over 3 percent - has ground the once-hot housing market to a near-standstill.
Toni Waterman has more.
IN: The last time…
OUT: SOC
DUR: 42s
http://www.fsnradionews.com/feeds/1027MortgageRates-tw.mp3
The rapid rise in rates - which just a year ago were sitting at just over 3 percent - has ground the once-hot housing market to a near-standstill.
Toni Waterman has more.
IN: The last time…
OUT: SOC
DUR: 42s
http://www.fsnradionews.com/feeds/1027MortgageRates-tw.mp3