As mortgage rates rise, some people are giving up on owning a home

[Google News Bot]

Mortgage rates are up near 7%. That's adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond reach for more and more Americans. ...

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[Lynaia]

Even when mortgage is not high, owing a home is very hard. How hard do you think it will be now when mortgage rate is rising everyday. Even to pay for rent now is not easy

 

[Kvngsammy]

The global inflation rate is getting worrisome. There's so much that's not going as planned. Do we say this is as a result of the pandemic outbreak? Because it's hard to imagine why all these are happening now.

 

[Shigobad20201]

With the economic situation of the country right now, it has not been easy for people to buy a house or even get a hours on mortgaged just because of the increase in price.

 

[Syldan]

Actually circumstances makes alot of people suffer most especially in terms of having a roof over your head. even when or before thay mortage was low, due to low standard of living there are people who can not afford a roof talk more of when it's raining everyday.

 

[Shigobad20201]

Even when mortgage is not high, owing a home is very hard. How hard do you think it will be now when mortgage rate is rising everyday. Even to pay for rent now is not easy

Going through thè stress of having a house through mortgage is not easy , and because of the economic condition ofnthe country which makes it hard for people to make a living easily , many people are withdrawing from getting a house through mortgage .