American Dream of Homeownership Is Falling Apart With High Mortgage Rates
A renter who hoped to buy a home has resigned himself to rent forever. A first-time buyer who had hoped to refinance a 7% mortgage is pulling back spending everywhere else to keep up. And a young couple is making a painful tradeoff for their family.As interest rates in the US remain higher for longer, the American Dream of affordable homeownership is unattainable for longer — and maybe for good....
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