Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble

It’s expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable -rate mortgages — one of the financial products blamed for the 2006 … Read more

Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble

It’s expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable -rate mortgages — one of the financial products blamed for the 2006 … Read more