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

Home Sales Fell in February Amid Tight Supply, Rising Mortgage Rates

Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made it difficult for buyers to compete. Existing-home sales fell 7.2% in February from the prior month to a seasonally adjusted annual rate of 6.02 million, the National Association of Realtors said Friday. February sales fell … 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