The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow
Buying a home is becoming increasingly unaffordable as borrowing costs and home prices inch ever-higher, but adjustable-rate mortgages (ARMs) might offer a solution
The housing market is rebalancing after years of red-hot home sales, but while supply and demand are falling, home prices have yet to fall from record highs
The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power