Home Mortgage

Monthly costs for homebuyers rise nearly 20%

Homebuyers are still getting squeezed by high borrowing costs and home prices. Monthly costs are now up 20% for homebuyers compared with a year ago, new data shows.

Mortgage rates edge higher to nearly 7%

Mortgage rates increased again this week, with the average rate on the benchmark 30-year fixed mortgage climbing to 6.90%. The average rate on 15-year fixed mortgages rose to 6.25%.