Mortgage Rates Keep Climbing, Leading some Buyers to Riskier Loans | Honolulu Star-Advertiser

Mortgage rates approach 3-year high as new applications plunge

Mortgage rates spiked to their highest level in nearly three years, continuing their climb above the 7% threshold. Why it matters: Housing sales were already slow due to a lack of inventory and elevated rates, creating a risk that the market could further its freeze.Zoom in: The weekly average 30-year fixed mortgage rate was 7.28% as of Thursday, Freddie Mac reported. That's up 0.94 points from a year ago, and up 0.25 points from last week.Mortg…

Mortgage rates keep climbing, leading some buyers to riskier loans

As interest rates for fixed-rate loans keep climbing, more are looking at adjustable-rate mortgages.

Mortgage rates keep climbing, leading some buyers to riskier loans | Honolulu Star-Advertiser

Mortgage rates continue to creep higher, compounding an affordability crunch that has squeezed many Americans’ wallets. Now soaring rates are prompting some homebuyers to roll the dice that they will fall in a few years.

Mortgage rates climb, leading to riskier loans

Mortgage rates continue to creep higher, compounding an affordability crunch that has squeezed many Americans’ wallets. Now soaring rates are prompting some homebuyers to roll the dice that they will fall in a few years.

The rising cost of borrowing piles more financial pressure onto consumers

Mortgage rates are at their highest level in almost three years. The rising cost of borrowing is driving life's major purchases further out of reach.