Beleaguered House Hunters are Now Watching Mortgage Rates Spike, Too

NBC News, Mar. 24, 2022–Martha C. White
U.S. shoppers have faced sticker shock as goods from cars to steak to mortgages have gotten much costlier. “This is a volatile time in markets,” said Mike Fratantoni, Chief Economist at the Mortgage Bankers Association. “Rates are jumping more than would be typical. For a potential borrower, that’s really challenging.”