First-time buyers face expensive market as mortgage rates, home prices rise

03:47

April 11, 2022

Chris Arnold, NPR

This article is more than 1 year old.

When you combine higher home prices with higher mortgage rates, the monthly payment to buy the median-priced home in the U.S. has gone up more than 50% in the past year.

NPR's Chris Arnold reports.

This segment aired on April 11, 2022.

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