High mortgage interest rates make it more costly to finance a home purchase and to qualify for a loa – CBS Pittsburgh

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Mortgage interest rates are hitting a 14-year high, now above 6 percent for a traditional 30-year mortgage. As money editor Jon Delano reports, that means it will cost much more to finance a home purchase.

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Source: https://www.cbsnews.com/pittsburgh/video/high-mortgage-interest-rates-make-it-more-costly-to-finance-a-home-purchase-and-to-qualify-for-a-loa/