The interest rates nationally have been on a steady increase and the St. Cloud area housing market is feeling the affects. Craig Ehrlichman from Premier Real Estate Services joined me on WJON.
If you had to put 20 percent down to buy a house, would you be able to do so?
A new study from the Center for Responsible Lending at the University of North Carolina says most people wouldn’t — and it could have dramatic and negative effects on the struggling housing market.