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College seniors wary of homeownership amid soaring prices, rising mortgage rates

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Homeownership News

Mortgage Rates,Home Prices,College Seniors

As many college seniors get ready to walk across the stage and enter the professional world, buying a home isn't on their radar.

by Mo Haider, KOMO News StaffFILE - A Redfin real estate yard sign is pictured in front of a house for sale on October 31, 2017 in Seattle, Washington. As many college seniors get ready to walk across the stage and enter the professional world, buying a home isn’t on many's radar.

There are two reasons behind that. The first is simply the jump in home prices and the second is what it costs to finance a home. Mortgage rates have also gone up., 68.2% of fixed mortgage rates approved in Seattle had rates below seven percent with a median interest rate of 6.63% last year.

 

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