The financial picture feels strained as rising borrowing costs put a fresh squeeze on prospective homebuyers.
Back to PulseToday, the financial picture feels strained as families navigate another jump in borrowing costs. investrade.com reported that the 10-year Treasury yield topped 5.12%, hitting a roughly 20-year high that threatens to make home buying more expensive. Over on r/FirstTimeHomeBuyer, people are questioning if they are biting off more than they can chew to make the math work. Despite the pressure, households are carefully weighing their options.
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