rising mortgage rates

Housing market: Mortgage rates rise for 3rd straight week, home sales fall for 3rd month in a row — Photo by Gustavo Fring on

7 Mortgage Rates Myths Shrink First‑Time Buyers' Wallets

7 Mortgage Rates Myths Shrink First-Time Buyers' Wallets Mortgage rates climbing from 6.5% to 7.5% can erase about $5,000 from a typical $300,000 purchase, shrinking a first-time buyer's budget dramatically. I see this every week in client conversations: buyers assume a rate change