As 30-year mortgage rates hit 6.7%, homebuyers are facing 'payment shock.' Here are ways to save

As 30-year mortgage rates hit 6.7%, homebuyers are facing 'payment shock.' Here are ways to save

As 30-year mortgage rates hit 6.7%, homebuyers are facing 'payment shock.' Here are ways to save - The average interest rate on a 30-year fixed mortgage is 6.7%, up from 3.3% at the start of the year. - While home prices have eased over the last couple of months, they are still up 13.1% from a year ago. - The combination has created an affordability challenge for homebuyers. Even with signs that the housing market is cooling, homebuyers are still …