US Mortgage Rates Reach A Two-Year High, Putting Pressure On New Home Buyers

US Mortgage Rates Reach A Two-Year High, Putting Pressure On New Home Buyers
A For Sale sign is displayed in front of a home in Miami, Fla., on Aug. 10, 2007. Joe Raedle/Getty Images
|Updated:

U.S. mortgage rates last week jumped to a two-year high and are expected to continue rising, which may further squeeze first-time homebuyers out of the market, while inflation continues to rise rapidly across the nation.

Many buyers were already struggling with higher home prices and limited housing stock.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics