As Interest Rates Rise, Mortgages Are Becoming Unaffordable For Homeowners And Buyers

This fall has seen higher interest rates hitting homeowners hoping to refinance their mortgages as well as new homebuyers looking to get into the housing market. According to the Mortgage Bankers Association’s seasonally adjusted index, applications to refinance a mortgage increased by 10% for the week but were 32% lower than they were a year ago. At […]

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