Renting is becoming more affordable than buying a home in most metros across the U.S., but that could soon change as the market cools

Housing affordability took another hard hit last week following the Fed's most recent rate hikes

Higher rates are pricing out a large share of homebuyers and easing competition for those who can still afford home purchases

Mortgage rates are at their highest level since 2008, creating a slowdown in home price growth as homebuyer demand softens across the U.S.

Waning demand from prospective buyers is causing a growing number of sellers to slash their asking prices as the market cools

The most recent interest rate hike will price out a large share of prospective homebuyers, but will it be enough to reduce housing costs in overheated markets?

The Federal Reserve sent its rates soaring by 75 basis points earlier this week, subsequently pushing the 30-year fixed mortgage rate beyond the 6% mark

Mortgage demand fell by more than 50% year-over-year a week ago as buyers scramble to adjust to an inflated market

Risky mortgage lending seems to be making a comeback as borrowers dive headfirst into home sales ahead of a possible recession