Housing Market Crisis Looms: Mortgage Rates Surge, Buyers Struggle
In a startling turn of events, mortgage rates in the United States have skyrocketed back to a staggering 7%. With this significant surge, the dream of homeownership is becoming increasingly unattainable for many Americans, as the cost of purchasing a house now reaches nearly $2,700 per month. This includes mortgage payments, taxes, insurance, and maintenance…
