Mortgage rates climb, sidelining homebuyers

Segments From This Episode

• Higher interest rates have cratered demand for mortgages

  by Caleigh Wells

  

  We aren’t headed for the double-digit mortgage rates of the 1980s, but don’t expect the 3% rates of the pandemic, either.

  ShareDownload

• As inflation stretches paychecks, some lenders report "late payment creep"

  by Justin Ho

  

  Some lenders surveyed by the Federal Reserve recently reported that they’ve been noticing a pickup in delinquencies, as higher costs burden both families and businesses.

  ShareDownload