Rate Shock: How the Mortgage Spikes Are Squeezing America's Aspirations The latest numbers from Freddie Mac are a stark reminder that the American dream is increasingly out of reach for many would be homeowners.
For three consecutive weeks, mortgage rates have risen to their highest level in over 14 months – adding hundreds of dollars to borrowers' monthly costs and putting homebuyers' purchasing power into question.
This uptick is not just a minor blip on the radar; it's a symptom of broader economic shifts.