mortgage payment shock

Mortgage Rates Hitting 8% This Year Is Not Impossible—and Yet, That Shouldn’t Be Buyers' Biggest Concern — Photo by Gustavo F

Stress-Test Your Budget Before Mortgage Rates Bite

Running a mortgage calculator with a 7.56% rate - close to the current 30-year average - lets you stress-test your budget before rates bite. I compare that rate to recent peaks and walk you through the numbers you need to keep a safety buffer. Financial Disclaimer: This article is