The climb in mortgage rates, coupled with skyrocketing home prices, has eroded what prospective home buyers can afford.
Tag: Mortgages
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What the Fed’s Rate Hike Means for Mortgages
Rates on 30-year fixed mortgages track the yield on 10-year Treasury bonds, which are influenced by inflation and the Fed’s actions, among other things.
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Homeownership Remains the American Dream, Despite Challenges
A new survey reveals that nearly three-quarters of Americans place owning a home above career, family and college as a sign of prosperity.
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Housing Market Has Altered the Math of Moving
The housing market has altered the math of moving for nearly everyone.
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How to Figure Out if You Can Actually Afford That New Home
It’s tempting to jump into the home-buying frenzy. But with prices up and mortgage rates surging, make sure you do the math first.