The pain of rising mortgage rates when you're waiting for your home to be built

These days Ari Brooks is trying really hard not to think about mortgage rates. "I try not to, because it gives me a lot of anxiety," she says. Brooks and her family live just outside Boise, Idaho, which has turned into one of the toughest places in the entire country to buy a house. People have been moving there in droves, driving prices up 82% in just the past three years, according to data from the National Association of Realtors. So after getting outbid again and again, she and her husband TR Brooks decided to buy a house from a homebuilder before it was built. To continue reading the rest of the article, please click on the source link below: https://www.southcarolinapublicradio.org/2022-06-29/the-pain-of-rising-mortgage-rates-when-youre-waiting-for-your-home-to-be-built