Real Estate

Why LGBTQ homebuyers say rising mortgage rates are hitting them hard

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Skandar Mrad, shown here on vacation in Italy, is looking for a home in the Los Angeles area.

When Skandar Mrad decided late last year to buy his first house, his top priority was location.

Mrad, a gay man living in the Los Angeles area, has spent much of his adult life commuting several hours a day to his job at the NASA jet propulsion lab in Pasadena, California. When he found an apartment closer to work, he noticed a major improvement in his life.

“That commute just tore me apart. Mentally and physically, I saw that I was deteriorating,” said Mrad.

However, his roommates moved out, and Mrad, 40, decided it was time to become a homeowner. He originally wanted to live within five miles of…



Source cnbc.com

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