Elevated mortgage rates leading to sharply higher monthly payments even as home prices eas

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Elevated mortgage rates leading to sharply higher monthly payments even as home prices eas
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EYE ON YOUR MONEY: 💰🏡 'Homebuyer affordability eroded further in May as prospective buyers continue to grapple with high interest rates and low housing inventory.'

FILE - A sign is seen near a home being remodeled, Wednesday, Oct. 12, 2022, in Towson, Md. Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back in 2023.

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