How Do Rising Interest Rates Affect Homebuyers?

NBC4 (Columbus, Ohio), Aug 10, 2022–David Rees
Inflation is the highest in 40 years, leading to increased mortgage rates at around 4.5% to 5%. Prospective homebuyers navigating this market will have their finances affected and might be wondering why the federal bank is making it harder for them to borrow money. (MBA mention)