Mortgage News Daily said the average 30-year fixed rate climbed 19 basis points in one day, adding more strain to buyers already facing high prices and lean supply.
Rates have moved above 7% for the first time in years, squeezing monthly budgets even as some buyers keep moving.
Zillow says renting cost less than buying in all 50 major U.S. metros, with the widest gaps in expensive coastal markets.
City funding and private assistance are aimed at easing the biggest barrier many buyers say stands between them and a first home.
Homeowners with ultra-low pandemic-era mortgage rates can still move if they use equity, points, assumable loans or a recast.
A new survey finds most owners still value homeownership, but hidden expenses and market pressure are fueling second thoughts.
Grants, forgivable loans and deferred loans can reduce upfront costs, but program rules and lender experience matter.
Borrowing costs are climbing just as fewer Americans are applying for mortgages, signing contracts, and closing on homes.
August data show slower sales, longer listing times, and a widening gap between what sellers ask and what buyers will pay.
CNBC Select says VA purchase and refinance borrowers are facing a 6.75% average 30-year fixed rate, with lender choice still shaping service, pricing and convenience.