Homeownership rate rises to a 6-year high

Low mortgage rates are helping more Americans finance homes

The U.S. homeownership rate rose in the fourth quarter to the highest level in six years as low mortgage financing costs helped more people to buy properties.

The share of Americans who own their own home was 65.1%, rising from 64.8% in the same period a year earlier, the Census Department said in a report on Thursday.

The homeownership rate hasn’t been this high since the third quarter of 2013…Click here to continue reading