Rising mortgage rates are hitting Americans’ wallets. Here’s how to adjust your housing budget

Econ & Housing

Lifestylevisuals | E+ | Getty ImagesHomebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget.”As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained Danielle Hale, chief economist at Realtor.com.”For many homebuyers, higher…

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