In a cutthroat and pricey market, aspiring homeowners now face a new challenge: rising interest rates.
ABC News’ Elizabeth Schulze reports on the impact that soon-to-rise interest rates will have on home buyers in an already competitive housing market.The housing market has been unforgiving to first-time buyers like Kirstin Harris.
The rate on a 30-year-fixed mortgage spiked above 4 percent this month for the first time in nearly three years. According to consumer financial services company Bankrate, that means someone borrowing $300,000 to buy a home today is paying $143 more every month than in November, when rates were closer to 3 percent.
But Taylor said first-time homebuyers already overwhelmed by sky-high home prices are trying to lock in a purchase now before rising rates increase up their monthly payments even more.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Rising Rates Hit MunisThe expectation that the Fed will begin ending pandemic stimulus measures has driven yields on state and local debt to their highest levels since April 2020.
Lire la suite »
Rising fuel prices and corporate profits — not wages — are chiefly to blame for inflationAlthough companies blame higher worker pay for surging consumer prices, their profits tell a different story.
Lire la suite »
BTC-Implied Volatility Stays Relatively Low Despite Rising Inflations and Russia-Ukraine TensionsThe market thinks volatility will be over the coming 30 days on an option with its strike price around where the market is trading, based on this one-month, at-the-money, implied volatility chart. CoinDesk's Lawrence Lewitinn breaks down the chart of the day. \n\n\n\n
Lire la suite »
Evan Rachel Wood Details Marilyn Manson Abuse Allegations in 'Phoenix Rising' TrailerEvan Rachel Wood makes sense of her relationship with Marilyn Manson in the new trailer for PhoenixRising, which launches on HBO next month:
Lire la suite »
Report: U.S. to see a record number of weddings, rising costs in 2022Wedding bells will ring more and cost more as COVID-19 restrictions are lifted this year, according to an industry report that predicts the U.S. will see a record 2.5 million weddings in 2022.
Lire la suite »