High Mortgage Rates Are Crippling U.S. Home Sales

Existing-home sales in the U.S. fell 1.7% in July, following a 1.4% month-over-month decline in June.

High mortgage rates and record-high home prices continue to weigh on demand.

Rates on 30-year mortgages reached 6.7–6.8%—the highest level in 12 months.

Meanwhile, the median home price in June reached approximately $440,000 —a record high.

#USA #Mortgage #Economy #FindTruth

@uinhurricane✅