Adjustable-rate mortgages make comeback as interest rates rise
More homebuyers are turning to the loans — a villain of the housing crash — to deflect surging borrowing costs.
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More homebuyers are turning to the loans — a villain of the housing crash — to deflect surging borrowing costs.
With rates at their highest point since 2019, some buyers are turning to adjustable-rate mortgages for affordability.
Americans could soon pay more to borrow. One expert says it may be hard to give up the "easy money mentality."
Buying a home for the first time can be complicated, and adding in current pandemic-era market factors like low inventory, low mortgage rates and increasing demand could lead to even more headaches. Daryl Fairweather, a chief economist at the real estate brokerage Redfin, joined "CBSN AM" with tips on how to navigate the competitive market.
For most Americans, lower borrowing costs might not help as much as it has in the past -- here's why
Home prices in 20 cities tracked rose just 3 percent year-over-year in February -- a sign of a buyer's market, some say
While it may not be as strong of a seller's market, higher mortgage rates and lack of inventory could stymie buyers
Monthly payments climb as the average 30-year fixed-rate home loan is now at 4.94 percent, up from 3.9 a year ago
Here's a state-by-state look at how much higher interest costs add to monthly and total mortgage payments
It's shaping up to be a tough summer for house hunters, with U.S. home prices rising at fastest rate in 12 years
Credit card delinquencies, a possible leading indicator, are just one category that's showing the pressure
With the benchmark 10-year Treasury at a 7-year high, borrowing costs are rising, while home prices also climb
A rise in mortgage rates is making it even tougher for homebuyers to find an affordable home amid rising valuations
Rising interest rates and high home prices kept a damper on the rate of Americans signing contracts to buy homes
A strong U.S. economy has interest rates on the move, and even small increases create bigger total mortgage payments
Central bank holds $4.5 trillion in bonds, which it likely wants to halve, affecting mortgages and other long-term borrowing
Prices are surging, thanks to not enough homes for sale and buyers' desire to get ahead of rising interest rates
Pay gains and rising consumer confidence spur home buying by 3.3 percent in January, despite rise in mortgage lending rates
Home prices will still rise, but at a slower pace, and local markets will show a wider diversity of strength or weakness
Low mortgage rates fueled a real estate boom in 2016, but even as they rise this year, it’s no reason to panic
Higher mortgage rates push down house contracts, perhaps a warning that robust 2016 real estate sales may flag
Here's where the average salary is more than enough to buy the median-priced home, and where it's not even close
CBS News business analyst Jill Schlesinger explains what higher mortgage rates and lower inventory might mean for homebuyers
Even a small increase in the federal funds rate can add up to big bucks on everything from credit cards to mortgages
Too many other forces, from more first-time buyers to rising incomes to soaring rents, promise to keep home sales strong