With rates at their highest point since 2019, some buyers are turning to adjustable-rate mortgages for affordability.
Home buyers around the U.S. face thousands of dollars in extra costs as mortgage interest rates surge.
Average interest rates on a 30-year fixed mortgage are nearly 2 percentage points higher than a year ago.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
Pricier home loans could eventually lead to more affordable homes, one economist says. Here's why.
Federal Reserve's push to stem inflation could also make your credit card debt more expensive and impact home buyers.
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
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