Home Mortgage

Mortgage rates rise, add to affordability issues

The average rate for a 30-year fixed-rate increased to 6.39%. Higher rates and low housing supply is putting affordability constraints on would-be homebuyers. But there are still ways to find the best rate.

Home prices exceeded inflation by more than 200%: Home Bay

Median home prices since 2020 have outpaced inflation by more than 200%, according to a study by Home Bay. And despite a cooling of inflation, rising prices of basic goods and services have remained a concern for many Americans, reports have suggested.