The new year has ushered in freezing temperatures for much of the nation, but to the chagrin of prospective first-time homebuyers, mortgage rates are only getting hotter. [Mortgage rates](https://www.realtor.com/news/real-estate-news/mortgage-rates-january-9-2025/) are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the
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