The average rate for a standard, 30-year fixed mortgage rose to 6.11% during the week ending on March 12, undoing some of the progress made on housing affordability in recent weeks.
Meanwhile, the Senate overwhelmingly passed a bipartisan housing bill on Thursday aimed at boosting the construction of affordable homes, but it faces hurdles in the House.
Here & Now’s Lisa Mullins speaks with Michael Regan, managing editor at Bloomberg News.
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