FOX Business(@FoxBusiness):Homebuyers gain leverage in dozens of US cities as mortgage rates above 7% force sellers to slash prices and offer concessions. But the advantage comes at a steep cost — the spike in rates erased roughly $22,000 in purchasing power for a buyer budgeting $2,000 a month in mortgage payments. Full story here

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FOX Business@FoxBusiness

2026.10.20 20:05

Homebuyers gain leverage in dozens of US cities as mortgage rates above 7% force sellers to slash prices and offer concessions. But the advantage comes at a steep cost — the spike in rates erased roughly $22,000 in purchasing power for a buyer budgeting $2,000 a month in mortgage payments. Full story here