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Should You Give Up on Buying a Home This Year?

Should You Give Up on Buying a Home This Year?

Last year, inventory was extremely sluggish, and home prices were sky-high. Today's housing market is comparable, only with one key difference -- mortgage rates are now through the roof. Whereas it was more than possible to borrow affordably for a home in 2021, since the start of 2022, mortgage rates have risen sharply, to the point where they're now at their highest level in over a decade.