Mortgage Rates Have Fallen, but Many Renters Still Can’t Afford to Buy
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The average 30-year mortgage rate has fallen more than a full percentage point over the past year, but many renters remain priced out of the housing market. Wall Street Journal personal finance reporter Veronica Dagher joins host J.R. Whalen to discuss how far economists say mortgage rates have to come down for paying a mortgage to be less expensive than renting .
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Mortgage Rates Have Fallen, but Many Renters Still Can’t Afford to Buy