HomeBusinessHousingHow Rising Inflation Costs Impact Home Construction
How Rising Inflation Costs Impact Home Construction

Rates for 30-year fixed mortgages hit the highest level since 2008. "Looking at the 10 year yield, mortgage rates will continue higher. As well expected by everyone for quite some time: Following a period of lower mortgage rates and excess home price appreciation, higher mortgage rates are contributing to higher monthly payments on new mortgages. These higher payments mean that renting may be a more attractive alternative," says Brad Dillman.

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