mortgage refinancers News and Updates from The Economictimes.com.. Buy Now Mirae Asset Large. Home buyers treatment as financial creditors may impact realty sector asymmetrically: Report 23 May, 2018, 07.08PM IST.
Mortgage rates inched up this week, but they remain attractive as more homebuyers and refinancers jump at the opportunity to grab a low rate. The benchmark 5/1 adjustable-rate mortgage rose to 3.
But even as credit expands, the cost of buying a home is going up. Rising interest rates, coupled with escalating home prices, have pushed affordability to its lowest point since 2010. Monthly mortgage payments required to purchase a median-priced home went up 10% in the fourth quarter of 2016, according to Black Knight.
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