Interest Rates for Mortgages Today: A Double Blow to Homebuyers Rising interest rates have sent shockwaves through the housing market, making it increasingly difficult for homebuyers to secure a mortgage.
This has far reaching consequences, affecting not only first time buyers but also long term renters and those who already own their homes.
Understanding the Impact of Rising Interest Rates on Mortgages Today Rising interest rates increase borrowing costs and reduce affordability.