Higher borrowing costs and everyday expenses are making homeownership feel farther away for some younger buyers in the La Crosse area.
The average 30-year VA mortgage rate edged up slightly, while CNBC Select highlighted lenders that stand out for service, pricing and digital tools.
Local agents say the jump in borrowing costs is changing what households can afford and how they negotiate with sellers.
Borrowing costs moved higher again, with the average 30-year fixed mortgage topping 7% and refinance rates also rising.
A new Realtor.com analysis says downsizing and estate sales may add inventory, but not enough to fully close the nation’s housing gap.
Most of the expected inventory will be family-sized or larger, leaving first-time buyers with limited relief in entry-level housing.
A lending executive says payment-focused concessions can be more effective than simple price reductions as homes linger longer on the market.
CBS News says borrowing costs have climbed to their highest level in three years, adding pressure to an already soft housing market.
Tenants say the sudden increases came while many were already struggling with utility and maintenance problems at the complex.
Rates near 7.6% are forcing buyers to decide whether to act now, wait for relief, or budget for refinancing later.