Homes Less Affordable As Prices Fall, Rates Rise, Zillow Says

Date July 7, 2008

Higher interest rates are balancing out lower home prices and making home ownership less affordable in many U.S. real estate markets, according to a study of about 25,000 mortgage offers to potential homebuyers conducted by Zillow.com.

MAKING SENSE OF THE STORY
• Monthly payments are 6 to 10 percent higher than they were two months ago in [...]

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