The average rate on a 30-year mortgage had remained below 7% since early December.
Watch/Read More ![Average mortgage rate climbs to highest level since late November [Video]](https://usanewsvideo.com/wp-content/uploads/2024/04/mp_1411791_0_RRANOA36DVCVXDAASUC74ES5MQjpg.jpg)
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Average mortgage rate climbs to highest level since late November [Video]
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As people have fled expensive coastal cities for cheaper housing and cost of living in the Sunbelt in particular, employers have followed.
![Employers Flee Rich Coastal Cities for South, Sunbelt, As Workers Move [Video]](https://usanewsvideo.com/wp-content/uploads/2024/05/mp_1459715_0_6632a26610dfcda409659f75.jpg)
As people have fled expensive coastal cities for cheaper housing and cost of living in the Sunbelt in particular, employers have followed.
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