After the pandemic, a rapid rise in home prices coincided with stubbornly high mortgage rates, shutting out potential buyers.
In some cases, people with better credit scores may pay more in fees, while those with lower credit scores will pay less.
Inflation Frustration and today's move by the fed to raise interest rates for the seventh time this year.
Another Federal Reserve interest rate hike today, increasing three-quarters of a percentage point.
Inflation in 2022 is driving up higher mortgage rates in a housing market with low inventory, and also causing rents to rise.
Earlier in the pandemic, we saw a housing market boom. Now, we're tracking slower home sales, rising mortgage rates, and rent hikes.