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Molly Martinez on Muck Rack

Molly Martinez

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Washington, D.C.
As seen in: Gray Media, LocalNewsLive, Flipboard, KPHO-TV (Phoenix, AZ), KRON-TV (San Francisco, CA), KSIX-TV (Honolulu, HI), WANF-TV (Atlanta, GA), KTUU/KYES (Anchorage, AK), WXIX-TV (Cincinnati, OH), NewsBreak, KMOV-TV (St. Louis, MO), KSLA-TV (Shreveport, LA) and
Journalist who can't wait to be a fashionable old lady

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Mortgage rates top 7% as housing affordability crisis deepens

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By Molly Martinez Verified
| WAFB-TV (Baton Rouge, LA) Verified
WASHINGTON (Gray DC) - Mortgage rates climbed over 7% Thursday as the United States moves deeper into an affordability crisis, with the economy top of mind for millions of voters heading to the polls in November. The average age of a first-time homebuyer is nearly 40, according to data from the National Association of Realtors. In 1991, that age was 28. Part of the reason is home price. For example, in 1991, research found the average house in Washington, D.C., cost $121,000.
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