Big Fed Rate Hike Coming Next Week, But That’s Not What Matters
With most mortgage related headlines focused on rates being back above 6 percent for the first time since 2008 , it makes sense that 67 percent of millennials and Gen Zers who moved back home during the pandemic still live there . Lending Tree surveyed more than 1,300 U.S. parents and/or generation Zers/millennials to get their thoughts on pandemic parent-living arrangements and found that 85 percent of parents would let their children move back in as adults or have previously done so, and most (73 percent) wouldn’t charge them rent. That sounds “pretty sweet” as higher mortgage rates combined with still-high home prices are making it challenging for homebuyers as we head into what historically has been the best time of the year to find a home. According to economist Elliot Eisenb
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