January 12, 2017 / 5:20 PM / 6 months ago

BRIEF-Fitch says U.S. mortgage rates add stress for millennial homebuyers

1 Min Read

Jan 12 (Reuters) - Fitch:

* Fitch says U.S. mortgage rates add stress for millennial homebuyers

* Says long-lasting shifts in savings and consumption patterns among U.S. homebuyers will likely emerge more prominently in coming years

* Based on our calculations, rate increase means average U.S. millennial borrower has lost 9% in mortgage capacity since beginning of Oct. 2016 Source text for Eikon:

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