If you enter into trying to establish a mortgage for a house, and you can secure financing that is, you know 5 percent or 5.5, and by the time everything has its I's dotted and its T's crossed mortgages are 8.25 percent, that is prohibitive for a lot of families.
Martin Heinrich: “If you enter into trying to establish a mortgage for a house, and you can secure financing that is, you know 5 percent…”
Editor's note · Context
Heinrich highlights the impact of rising mortgage rates on tribal families.
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