home loan : NPR

With mortgage rates near 7%, the housing party is over. Now it's hangover time

Mike Johansen stands by the door of the camping trailer where the couple is living while they wait for construction on their new home to be finished. Andrea Johansen hide caption

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Andrea Johansen

America In The Grip Of Inflation

With mortgage rates near 7%, the housing party is over. Now it's hangover time

October 12, 2022 • The highest rates in 20 years are dashing the dreams of some would-be homebuyers. Others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.

With mortgage rates near 7%, the housing party is over. Now it's hangover time

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