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Inflation is at a 40-year high and higher spending on other consumer items may mean less money to spend on a mortgage payment.
Adjustable-rate mortgages can carry some risks but as rates rise, more home buyers may turn to them.
Mortgage rates are moving higher and higher, and some home buyers are in a rush to lock in a loan ahead of any further increases.
Owners are turning to the equity in their current home to fund their next real estate deal. But it can be risky.
Higher monthly mortgage payments could quickly affect home buyers’ ability to keep up with the market, says Freddie Mac’s chief economist.
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