Homebuyers Seeing Higher Interest Rates Across the Country

The 30-Year Mortgage Is Closing In on 7.5%

Mortgage rates are closing in on a threshold that forecasters said would not arrive until next year, and homebuilders are already making painful tradeoffs to keep buyers at the table.

Homebuyers seeing higher interest rates across the country

In the past few years rates have jumped from 2.65% to 7.28% making it harder for potential buyers to purchase a home.

Mortgage Rates Hit 7.28% as Builders Offer Buyers a Hidden Way to Lower Borrowing Costs

Mortgage rates hit 7.28% as builders offer rate buydowns and closing-cost help, giving some new-build buyers more room to negotiate.

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers

A volatile mix of climbing interest rates and historically lean housing inventory is creating an increasingly steep climb for prospective homeowners across C...