High mortgage rates dampen home sales
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage Rates
Fed raises rates by three-quarters of a point
The Federal Reserve has taken the aggressive step of raising interest rates by another three-quarters of a percentage point. Jeff Taylor, board member at the Mortgage Bankers Association, and CBS News reporter Sarah Ewall-Wice join anchors Errol Barnett and Lana Zak to discuss what this means for the economy.
Mortgage rates blow past 7% for first time in two decades
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Mortgage rates on the rise
The average interest rate on the most popular U.S. home loan has reached its highest level in more than two decades. Danielle Hale, chief economist for realtor.com, discussed how concerned Americans should be, how housing prices are affected and the potential impact of the Federal Reserve's expected interest rate hike next week on the housing market.
MoneyWatch: Home prices could drop in 2023
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
Prospective homebuyers holding off
Rising mortgage rates are pressuring some prospective homebuyers to put the cash they've saved up for a down payment off to the side. CBS News' Elaine Quijano and Tony Dokoupil speak with James Faris, investment reporter at Insider, about what to do with that hard-earned money.
Soaring mortgage rates likely to keep climbing, analysts say
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Surging mortgage rates cool U.S. housing market
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
What is private mortgage insurance?
If you plan to take out a conventional mortgage loan, one possible cost you could encounter is private mortgage insurance.
6 reasons to refinance your mortgage
Whether you have a short or long-term mortgage, it's important to know you can make changes.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Housing market slows as mortgage rates rise
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
Here's what you need to know about cash-out refinancing
Here's what you need to know if you want to tap into your home equity to get some extra cash.
How much mortgage can you afford based on your salary, income and assets?
Calculate how much mortgage you can realistically afford by using these easy online tools.
Everything you need to know about mortgage interest rates
Understanding how your mortgage interest rate is calculated is a crucial step in securing a home loan.
Mortgage rates hit 5.89% — highest level since housing crash
Borrowing costs for a conventional home loan have more than doubled over the last year.
Bidding wars send rent prices soaring as home sales decline
"I'd never have expected that there'd be a bidding war for a 12-month lease."
Mortgage rates at highest level since 2009
Mortgage rates in the U.S. are at their highest level since 2009. The average for a 30-year loan jumped a tenth of a percent last week to 5.2%. Mike Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association, joined CBS News' Tony Dokoupil and Tanya Rivero to discuss.
Is it a better time to rent or buy a home?
The gap between what it costs to rent and own has widened this year amid rising mortgage rates.
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
Mortgage rates jump again, sending buyers to the sideline
Interest on a standard 30-year home loan is 5.23%, up from less than 3% a year ago, according to Freddie Mac.
Why rising mortgage rates could boost some homebuyers
Pricier home loans could eventually lead to more affordable homes, one economist says. Here's why.
The Fed hikes rates the most since 2000. Here's the impact.
Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.
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