Ron Brown, a associate with Heidrick & Struggles, was on the hunt in Colorado’s Arapahoe County for a brand new main residence that required much less repairs than the one he was dwelling in. By the time he discovered a 3,000-square-foot townhouse he needed to purchase in September, mortgage charges had been considerably larger than they had been a yr in the past. On Sept. 15, Freddie Mac introduced that the common charge that week on a 30-year fixed-rate mortgage topped 6% for the primary time since 2008.
