Episode 61: How Current Housing Interest Rates Affect Millennials
On this episode of Millennial Debt Domination, Katie highlights the rising housing interest rates and how they affect millennials.
The current average mortgage interest rate is 6.5-7%. This high interest rate is making it extremely difficult for younger millennials to purchase a home. Today, Katie will be joined by Grant Gallagher. Grant, a millennial himself, is the head of financial well-being and brand communcations at Affinity Federal Credit Union. He's also the co-host of Affinity Federal Credit Union's podcast, Wellbeing and Your Wallet, that you can find on all major podcast platforms. Grant and I will be discussing rising interest rates, reasons keeping millennials from becoming homeowners, the impact COVID-19 has had on homeownership, and much more.
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More questions for Katie? E-mail us: olm@navicoresolutions.org
About Navicore Solutions: We are a national nonprofit provider of financial education and compassionate personal finance counseling. We can help you gain control of your finances. A debt-free future is possible. Learn more about us here: http://navicoresolutions.org/
Listen to Affinity Federal Credit Unions Podcast:
https://www.affinityfcu.com/financial-wellbeing/wellbeing-and-your-wallet
Affinity's Website:
Affinity Federal Credit Union | Banking, Loans, Mortgages & Credit Cards (affinityfcu.com)