4 Million Americans Priced Out as Home Rents Rise Significantly, Home Loan Qualifications ‘Skyrocket’
<June 23, 2022
https://www.theepochtimes.com/4-million-americans-priced-out-as-home-rents-rise-significantly-home-loan-qualifications-skyrocket_4553523.html?utm_source=partner&utm_campaign=TheLibertyDaily
Between December 2021 and mid-April 2022, mortgage interest rates rose by 2 percent, which is equivalent to a 27 percent jump in home prices. As prices increased along with interest rates, the income and savings required to qualify for a home loan “skyrocketed.” This presents a financial burden on middle-income and first-time buyers.