The average 30-year fixed-rate mortgage shot up to nearly 8% in late 2023. It fell to just above 6% last fall, bounced back above 7% in mid-January, and declined again recently.
Decades of discriminatory housing practices created racial disparities in home ownership and wealth. The fight for equity in Minnesota continues today.
A new report by the First Street Foundation finds rising insurance costs and homeowners factoring in climate risk into purchase decisions could lower property values.