Mortgage rates surge to 8% amid file low provide of homes on the market

Mortgage rates surge to 8% amid file low provide of homes on the market

Over correct two years, mortgage rates dangle surged from 3% to 8%, which will add almost $1,000 to the month-to-month fee on a median priced home. The provide of homes on the market has hit a file low, leaving many seemingly homebuyers anxious over when the most efficient time shall be to purchase a dwelling. CNBC’s Diana Olick reports.

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