Warren Buffett Once Called Mortgages A ‘Terrific Deal’ — Now Zillow Analyst Says Even 0% Rates Can’t Make Homes Affordable In America
Warren Buffett’s Berkshire Hathaway Inc. BRK BRK and Zillow Group Inc. Z have expressed concerns that mortgage rates are unlikely to decrease enough to make homes affordable for the average American. What Happened: Despite a slight decrease, the current 30-year fixed mortgage rate stands at 6.75%, as reported by Fortune. Economists and real estate groups…