, home ownership is becoming less and less accessible for middle class Americans as interest rates continue to soar. A recent report from the Mortgage Bankers Association shows mortgage applications fell 6.9% last week to the lowest level since 1995,” the committee said in a written analysis, which cited findings from a Reuters report released Oct. 18.
“In addition to high borrowing costs, sales are being restrained by very low inventory of homes on the market. Economists suspect that homeowners, many of whom have mortgages at much lower rates than are currently available, are reluctant to give up their homes only to have to buy a new one with borrowing costs remaining as high as they are now,” the analysis advised.“The federal debt has skyrocketed almost 800% since 2000, as of today the debt is costing a shocking $256,316 per household.
Another 42%, however, say they’re unlikely to watch the next GOP debate — a group that includes the 21% who say they are “not at all” interested in the big event.The survey of 992 likely U.S. voters was conducted Oct. 18-20.a potential presidential hopeful? Maybe not. “I’ve said many times that I’ve never gotten a promotion in life without doing a great job and the one that I’m in, I think we’re doing a good job. And that’s why we’re working so hard to hold our House — and flip our Senate,” he noted.
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