Warren Buffet's Berkshire Hathaway drops major mortgage rate revelation
High interest rates can be scary, but there are surprising upsides.
After decades of stable mortgage charges, mortgages hovering between 6% and 7% became the brand new usual. Though investors will seemingly be expecting charges to tumble before committing to purchasing a home, elevated ardour charges will seemingly be right here to stay.
Mortgage charges above 6% may appear excessive when put next to fresh levels, but they are aligned with the 50-year averages famed by the Fed, which started monitoring mortgage charges within the Seventies.
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