CHART OF THE DAY: Millennials are feeling the pain of higher interest rates much more than baby boomers
By: Higher interest rates are having an outsized impact on millennials who are looking to buy a home.At the same time, baby boomers have seen a net positive from elevated interest rates as their cash earns 5%.”Everyone is locked in 3% mortgage except millennials,” Bank of America said. Loading Something is loading. Thanks for signing…