Why younger homebuyers risk being locked in mortgage prison
There’s a generational gap between those who can switch banks to get a better home-loan deal, and those who cannot.
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There’s a generational gap between those who can switch banks to get a better home-loan deal, and those who cannot.
A new report finds generational wealth is widening the divide between homebuyers and those priced out. The median age of first-time buyers also remains at a record high.
Mortgage rates came down again last week, but mortgage demand from homebuyers continued to decline, as high home prices and inflation stretch affordability.
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