© 2024 WSHU
NPR News & Classical Music
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
89.9 FM is currently running on reduced power. 89.9 HD1 and HD2 are off the air. While we work to fix the issue, we recommend downloading the WSHU app.

Homebuyers suffer as mortgage rates continue increasing, even before the house is built

Many Americans have put a lot of money down this past year when they agreed to buy houses before they were actually built.

But what happens when the house isn’t finished andmortgage rates have shot up? For homebuyers, it can be a painful financial blow.

NPR’s Chris Arnold reports.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.